Saturday, September 04, 2010
West Virginia General Revenues Up
WEST VIRGINIA....
West Virginia state government collected $31 million more in taxes last month than expected. General revenues totaled $309 million in August, beating the $278 million estimate. Sales and personal income taxes provide nearly 70 percent of general revenues. Both taxes exceeded their monthly projections as well as their August 2009 collections. Severance taxes on coal and other natural resources were also better than expected. The new budget year began July 1. The state expects $3.7 billion by its June 30 end.
West Virginia state government collected $31 million more in taxes last month than expected. General revenues totaled $309 million in August, beating the $278 million estimate. Sales and personal income taxes provide nearly 70 percent of general revenues. Both taxes exceeded their monthly projections as well as their August 2009 collections. Severance taxes on coal and other natural resources were also better than expected. The new budget year began July 1. The state expects $3.7 billion by its June 30 end.
# posted by Homer Owens @ 6:37 PM 
