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West Virginia Surplus But No Tax Cut | Parkersburg News
West Virginia’s tax coffers are overflowing—bringing in $838 million in the first two months, $46 million over projections. But despite the surplus, another personal income tax cut is off the table for FY28, as revenue didn’t meet the trigger formula tied to inflation-adjusted benchmarks. The state’s fiscal discipline shines: last year’s haul of $5.7 billion smashed estimates by $370 million, with most of that surplus already allocated. Now, agencies face flat budgets and must prioritize efficiency—only critical needs will get funding bumps. Governor’s office says this balance keeps West…
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