Charleston, WV (WOAY)- West Virginia is closing out Fiscal Year 2025 with a $338.5 million surplus.
Governor Patrick Morrisey attributes the numbers to what he calls fiscally prudent practices.
The surplus includes $254.8 million in General Revenue Fund collections, $49.2 million from prior-year balances, and $34.2 million in unspent appropriations, a number far above the state’s 16-year average.
Governor Morrisey also points to over $110 million in vetoed spending from the 2026 budget as part of the strategy to maintain reserves heading into future fiscal challenges.
A portion of the surplus is already allocated, including $100 million for secondary road maintenance.
Morrisey says his administration’s early moves from budget vetoes to Cabinet-level efficiency efforts have positioned West Virginia to face rising costs in Fiscal Year 2027, including projected increases in PEIA, higher education aid, and potential federal mandates.
He added: “We’re prepared for the road ahead and once our fiscal house is in order, we’ll explore new tax cuts to keep West Virginia competitive.”
