January 9th, 2025 by WCBC Radio

West Virginia recorded a $36.7 million surplus in December, the sixth month of Fiscal Year 2025, with total revenue collections surpassing $575.2 million.  Year-to-date revenue collections exceeded estimates by $41.7 million, totaling more than $2.6 billion for the first half of the fiscal year.  According to Governor Jim Justice, the year should end with $150 million in surplus on top of a cut to personal income taxes…

   

“We’ve got a $41 million surplus in West Virginia right now.  We’re projected to end the year probably around $150 million surplus.  That with cutting your personal income taxes by probably close to $800 million now.”