W.Va. tax collections fall below estimates in March

West Virginia
money monaaaaay_1554906690862.jpg.jpg

CHARLESTON, W.Va. (AP) – West Virginia revenue collections are $191 million ahead of estimates with three months left in the fiscal year.

Gov. Jim Justice says tax collections in March were $3.8 million lower than estimates. He says the performance reflected an anticipated slowdown in winter construction.

Justice says the state remains on track for a significant year-end surplus. Nearly all of the current surplus occurred in the first six months of the fiscal year.

The general revenue tax collections of $333 million last month were 1.6 percent higher than collections in March 2018.

Copyright 2021 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Link to 12 things you need to know page

WBOY 12 News Facebook Page

Trending Stories