West Virginia revenue collections up again in October
CHARLESTON, W.Va. (AP) — West Virginia has seen another month of revenue collections over estimates, though receipts were not as strong as the last few months.
Gov. Jim Justice’s office announced over the weekend that General Fund revenue in October was $359.2 million, nearly $2.4 million over estimates and 1.5 percent above the previous year.
September’s collections were nearly $54.1 million above estimates. August’s collections were $33.4 million above estimates. In the first month of the fiscal year in July, revenue collections were $32.4 million above estimates.
Justice’s office said fiscal year-to-date collections of more than $1.4 billion are $122.3 million above estimates and 13.5 percent ahead of prior year receipts.
The governor’s office said October is the seventh consecutive month of revenue surplus over estimates.