CHARLESTON, W.Va. –West Virginia has gotten its April revenue numbers back and they show figures well above the month’s projections.
The state collected nearly $643.8 million, which is $136 million above the estimate.
West Virginia is now $237 million ahead of estimate 10 months into the fiscal year.
The state racked up $284.7 million in personal income tax. According to the state, the surplus was a big factor into that number, which was $88 million above estimate.
Consumer tax collections of $135.1 million were $6.1 million above estimate, while severance tax collections of $$43.8 million were $8.4 million above estimate.
Governor Patrick Morrisey, in a statement, said April helps the state tackle future challenges.
“Today’s revenue projections are good news for West Virginia, as the additional expected revenue will help us address future fiscal challenges,” Morrisey said. “With our known challenges with PEIA and potential changes in federal spending and tax policies, we need to be conservative in our own state budget planning and maintain a healthy reserve.”