CHARLESTON, W.Va. — The state collected less revenue than it thought it would in January while maintaining a surplus in collections seven months into the fiscal year.
Gov. Patrick Morrisey announced January’s numbers in a Sunday evening news release.
Revenues came in $19.3 million below estimates for the month. The year-to-date collection number dropped to $108.8 million above estimate. January’s collections did better than January 2025.
The new numbers come as Morrisey is urging lawmakers to cut personal income taxes by another 10 percent. Morrisey pointed to the year-to-date surplus number in the Sunday announcement.
“These results reflect a resilient economy and responsible fiscal management,” Morrisey said.“Even with monthly fluctuations, West Virginia continues to outperform expectations, and we are well-positioned to finish the fiscal year with a meaningful surplus. That puts us in a strong position to protect taxpayers, invest in priorities, and keep our state moving in the right direction.”
Severance tax collections missed estimates by $17.6 million. The administration said that may be related to timing
The governor’s office said personal income tax collections barely missed the mark for January while consumer sales tax and corporate net income tax finished the month with modest collection surpluses for the month.