Search
Advertisement

WV Reports Tax Collections Again Below Estimates

499

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.



Tyler Barker

Tyler is the Chief Meteorologist & Digital Content Manager for WOAY-TV. You can find him weekdays at 5, 6, and 11 pm on WOAY-TV. Follow me on Facebook and Twitter @wxtylerb. Have any news tips or weather questions? Email me at tbarker@woay.com


X