CHARLESTON, W.Va. — The state missed the mark in revenue collections for a second straight month in August.
Information released by the state Senate Finance Committee Tuesday, shows the state collected $16.8 million less in taxes than projected in August. The state is now below estimates by $49.8 million following two months of the new fiscal year.
August was not a good month for personal income tax collections, missing the mark by more than $5 million. Severance tax collections were below estimates by $12 million
Collections for consumer sales tax beat estimates by $3.8 million.
September will likely prove to be the first big test for collections this fiscal year with first quarter taxes due.
Following a record setting 2019 fiscal year for collections, August marked the third straight month has missed estimates.