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West Virginia Governor: November Revenue Far Above Estimates
By: Associated Press
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CHARLESTON, W.Va. (AP) – West Virginia Gov. Jim Justice says state revenue collections have surpassed tax estimates for eight consecutive months.
Justice announced Tuesday that collections in November were $18.8 million above estimates. That pushes year-to-date collections to $141 million above estimates and 13.2 percent ahead of year-ago receipts.
Justice calls it “spectacular news” and says West Virginia “has a vibrant economy that is growing and getting better every day.”
He says year-to-date severance tax collections are $51.5 million ahead of last year, consumer sales tax collections are $65.5 million ahead and personal income tax collections are $82.5 million ahead.