West Virginia Taxes Down Despite Coal and Gas Increase

CHARLESTON– West Virginia tax authorities say the state collected $401 million in January, almost $18 million below the budget estimate.

For the first seven months of the fiscal year, the state collected $2.26 billion. That’s $116.2 million below the estimate but $35 million above last year’s receipts.

The consumer sales and use tax was $26.4 million lower than expected.

However, the state’s severance tax collections mainly from coal and natural gas production were nearly $37.3 million, which was $7.2 million above the estimate and nearly 3.2 times greater than the same month last year.

Gas prices have rebounded and coal production has had an uptick from recent declines.

Sponsored Content
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