News
West Virginia Tax Collections Fall Below Estimates
By: Associated Press
Posted on:
CHARLESTON, W.Va. (AP) – West Virginia revenue collections have failed to surpass tax estimates for the first time in 10 months.
Gov. Jim Justice said Tuesday collections in January were $3 million below estimates, blamed on weaker-than-anticipated monthly personal income tax collections.
Overall collections through the first seven months of the fiscal year are $40.9 million above revised estimates. Justice says he expects the surplus to grow through the June 30 end of the fiscal year.