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Posted: 6:55 PM Mar 1, 2010
W.Va. State Budget Weakened in February
State officials say West Virginia's budget picture weakened by more than $31 million in February.
Reporter: Associated Press Email Address: news@wsaz.com |
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CHARLESTON, W.Va. (AP) -- State officials say West Virginia's budget picture weakened by more than $31 million in February.
General revenue taxes came in below forecast by that amount, instead totaling $198.7 million. But collections so far the budget year remain ahead by $24 million.
Two key revenue sources, sales and personal income taxes, again missed their projections. Taxes on coal and other extracted natural resources continued to beat expectations, but not by enough to offset those shortcomings.
Manchin administration officials say they expected a rough February because of the same timing issues that boosted January's revenues. They also still believe the budget year will end June 30 around $200 million shy of the $3.7 billion forecast. Collections to date total $2.3 billion.
Latest Comments
Posted by: jeff
on Mar 1, 2010 at 07:09 PM
take away the smoking ban and the money will come back in use some common sence.What happen to all that millons the state got from the cig companys I didnt see and of it did you?wake up and see the light all you non drinkers and non smokers are about to get slammed with some kind of tax to make up for the losses,maybe a clean air tax so you can breath anywere you want to?
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