West Virginia's new governor confronts a budget deficit as October tax collections fall 3.67%.

West Virginia's new governor will face a budget deficit, with October tax collections falling 3.67% short of projections. Key revenue sources, like personal income tax and severance taxes, are underperforming, contributing to a fiscal challenge. Despite a projected surplus of over $80 million for the year, down from previous surpluses, rising costs for public services and recent tax cuts complicate the budget outlook, necessitating a reevaluation of priorities.

November 04, 2024
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