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West Virginia Surplus Surpasses Expectations | Charleston News
West Virginia’s fiscal year ended on a high note with a stunning $370 million surplus—bringing total revenue to nearly $5.7 billion. Governor Morrisey hailed the win as proof of fiscal discipline, with the extra cash fully funding critical priorities like roads, the Hope Scholarship, and law enforcement. Personal income tax and severance tax were the big drivers, with income tax alone surging $237 million in June and adding $159 million over projections for the year. Sales tax also jumped 7% year-over-year, fueled by income tax relief boosting consumer spending. While corporate and tobacco…
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