Monday, January 03, 2011
WV Revenue Growth Exceeds Estimates
WEST VIRGINIA....
State Deputy Revenue Secretary Mark Muchow says, metallurgical coal and manufacturing exports up, West Virginia's revenue growth is 8.4 percent above last year. West Virginia's tax collections are nearly $160 million ahead of where the state Tax Dept. thought they would be in the current budget year. Muchow says Corporate Income Tax collections led the way in December outdistancing estimates by $40 million dollars. Since July 1, 2010 that tax, along with personal income tax, consumer sales tax and severance tax have all exceeded estimates. The current state budget uses $200 million in federal stimulus funds, but that will go away next budget year.# posted by Homer Owens @ 10:41 PM 
