W.Va. tax revenues again fall below estimate - WVVA TV Bluefield Beckley WV News, Weather and Sports

W.Va. tax revenues again fall below estimate

Posted:

CHARLESTON, W.Va. (AP) -- West Virginia tax collections are again struggling, just as Gov. Earl Ray Tomblin prepares to propose a new state budget to the Legislature.

January's general tax revenues totaled more than $394 million, but were projected to exceed $406 million.

That means revenues so far this budget year have missed their mark by nearly $8 million. That's less than 1 percent of the $2.3 billion in general revenues collected to date. But officials now fear that revenues will be in the red when the budget year ends June 30.

Officials cite a weak energy sector, particularly coal, for the shortfall.

Tomblin has already warned of tough budgetary times ahead. He previously asked most state agencies to trim spending by 7.5 percent.

The governor will submit his budget proposal Feb. 13.

Powered by WorldNow
All content © Copyright 2000 - 2013 WorldNow and WVVA.
All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Audrey Sluss at (304) 324-0659. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at fccinfo@fcc.gov.