WV Reports Tax Collections Again Below Estimates

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CHARLESTON–  West Virginia tax authorities say the state collected almost $330 million in December and $1.86 billion for the first six months of the fiscal year, both lower than budget estimates.

The Department of Revenue reports shortfalls of $6.7 million for the month and $98.2 million for the six-month period in the current $4.1 billion budget.

Gov. Earl Ray Tomblin has ordered a 2 percent cut for most West Virginia government agencies to reduce the shortfall.

Secretary of Revenue Robert Kiss says Tomblin, who leaves office soon, will propose a budget for next year that would close a projected $400 million deficit.

Deputy Secretary Mark Muchow says taxes on mining, drilling and timber of $20 million exceeded estimates by nearly $4 million in December reflecting higher natural gas prices.

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Rachel Ayers

Rachel Ayers started as a multi-media journalist at WOAY in October of 2015. She then moved to evening anchor in September of 2016. Read More