Tax Day collections erase WV revenue deficit - WBOY.com: Clarksburg, Morgantown: News, Sports, Weather

Tax Day collections erase WV revenue deficit

Posted: Updated:
  • GovernmentGovernmentMore>>

  • U.S. Rep. Capito speaks at EPA hearing in Washington, DC

    U.S. Rep. Capito speaks at EPA hearing in Washington, DC

    Tuesday, July 29 2014 12:26 PM EDT2014-07-29 16:26:16 GMT
    U.S. Rep. Shelley Moore Capito,R-W.Va., won the Republican nomination for the U.S. Senate seat in the 2014 Primary Election. U.S. Rep. Shelley Moore Capito,R-W.Va., won the Republican nomination for the U.S. Senate seat in the 2014 Primary Election.
    U.S. Rep. Shelley Moore Capito, R-W.Va., testified,  along with several other lawmakers and representation from the Sierra Club, a national activism group.
    U.S. Rep. Shelley Moore Capito, R-W.Va., testified,  along with several other lawmakers and representation from the Sierra Club, a national activism group.
  • Charleston, WV group plans to deliver clean water to Detroit

    Charleston, WV group plans to deliver clean water to Detroit

    Tuesday, July 29 2014 12:14 PM EDT2014-07-29 16:14:24 GMT
    The Keeper of the Mountains Foundation will make a trip from Charleston to Detroit to deliver over 1,000 gallons of water by July 30.
    The Keeper of the Mountains Foundation will make a trip from Charleston to Detroit to deliver over 1,000 gallons of water by July 30.
  • West Virginia union PAC gets $250k check

    West Virginia union PAC gets $250k check

    Tuesday, July 29 2014 9:43 AM EDT2014-07-29 13:43:38 GMT
    The super PAC named Honest West Virginians received the check from the West Virginia State Building & Construction Trades Council in late June.
    The super PAC named Honest West Virginians received the check from the West Virginia State Building & Construction Trades Council in late June.

CHARLESTON. (AP) — West Virginia general revenues have rebounded, thanks to last month's deadline for income taxes.

April saw state government collect nearly $565 million. Officials were expecting $511 million.

The results erased a $49 million revenue deficit for the budget year. With that year ending June 30, the state began this month nearly $5 million ahead of estimate.

Personal income taxes account for April's robust collections. Other key revenue sources were flat or below projection.

Those include severance taxes on coal, natural gas and other extracted resources. Those were down slightly for the month. Officials say the state's energy sector has stabilized after months of declining coal production and falling natural gas prices.

But officials also still fear that tax revenues will miss the mark in both May and June.

 

Copyright 2013 The Associated Press