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West Virginia exceeded tax forecasts by $442.4 million in November, posting a $28.5 million surplus.
West Virginia collected $442.4 million in November taxes, 6.9% above estimates, contributing to a $28.5 million monthly surplus and a $131.3 million fiscal year-to-date surplus.
Strong personal income tax (18.4% above forecast) and sales tax collections drove gains, while corporate and severance tax revenues fell short.
$20 million in short-term investment returns boosted revenue.
State leaders credit prudent management and are discussing potential tax reform, including a possible flat 3.88% personal income tax rate.
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West Virginia superó las previsiones de impuestos en $442.4 millones en noviembre, registrando un superávit de $28.5 millones.