Justice Says Review Shows $120M to Close Current Deficit

CHARLESTON– Gov. Jim Justice says his administration’s review of state finances has identified about $120 million available to help close the budget gap in the current fiscal year.

The first-year Democrat says that includes using about $60 million from special revenue accounts and $60 million in re-appropriated funds, meaning unspent money from the last five years for the governor’s office, Legislature, insurance commissioner and other state agencies.

He previously proposed using money from the state’s rainy day fund.

The deficit for the current year, which ends June 30, has been estimated at $123 million.

The administration and legislators are also trying to find ways to close an estimated $500 million deficit for the next fiscal year.

Tyler Barker
Tyler Barker is currently the News Director and Digital Content Manager for WOAY-TV. He was promoted to this job in Mid-November. He still will fill in on weather from time to time. You can follow Tyler on Facebook and Twitter @wxtylerb. Have any news tips or weather questions? Email him at tbarker@woay.com