Connect with us

West Virginia

November Tax Collections in West Virginia Keep Revenues on Target for Fiscal Year

Published

on

November Tax Collections in West Virginia Keep Revenues on Target for Fiscal Year


CHARLESTON — Tax collections in West Virginia are tracking close to revenue estimates for the first five months of fiscal year 2025 thanks to better collections in November.

According to a monthly report released Monday by the state Senate Finance Committee, tax collections for the general revenue fund fiscal year-to-date came in at $2.101 billion, which was 0.24% more than the $2.096 billion estimate from the Department of Revenue. November tax collections of $400.5 million were 4.9% above the $381.6 million revenue estimate, providing the state with $18.8 million in surplus collections for the month.

“We are watching West Virginia continue to grow, and we are excited about the future,” Gov. Jim Justice said in a statement Monday. “We’ve cut over a billion dollars in taxes. That’s not just for one year. That’s forever. Even with these tax cuts, West Virginia continues to perform well and succeed.”

Advertisement

Tax revenues for July through November provided West Virginia more than $5 million in surplus tax collections. But fiscal year-to-date tax collections were 5.1% below tax collections for the same five-month time period in fiscal year 2024, or $112.6 million below collections for the previous fiscal year.

Three out of the state’s four major sources of tax revenue came in above estimates for the month, helping to keep tax collections close to official estimates in November.

However, some of those collections remain below estimates for the first five months of fiscal year 2025.

November personal income tax collections of $151.6 million was 5.8% above the $143.3 million estimate, providing the state with $8.3 million in surplus collections. Fiscal year-to-date personal income tax collections of $853.5 million was 2.9% below the $878.7 million estimate, or $25.2 million below estimates. July-November tax collections were also 9% below collections for the same time period last fiscal year, or $84 million below collections for the previous year.

Consumer sales and use tax collections for November were $170.8 million, or 3.3% above the $165.4 million revenue estimate, providing the state a $5.4 million surplus for the month. Fiscal year-to-date sales tax collections of $719.8 million was .71% above the $714.8 million revenue estimate, giving the state more than a $5 million surplus.

Advertisement

November corporate net income tax collections of $15.6 million was more than the $4.6 million revenue estimate, providing the state a nearly $11 million surplus for the month. Fiscal year-to-date corporate net income tax collections of $123 million was 21.6% more than the $101.2 million revenue estimate for a $21.9 million surplus nearly halfway through the current fiscal year.

Tax collections for West Virginia’s severance tax on coal and natural gas continue to struggle, with collections for four out of the last five months coming in below estimates. November severance tax collections of $18.9 million was 29.1% below the $26.6 million revenue estimate, or $7.7 million below estimates. Fiscal year-to-date severance tax collections of $87.3 million was 23.7% below the $114.4 million, or $27.1 million below estimates.

State revenue officials and Gov. Jim Justice said last month that West Virginia is on track to end fiscal year 2025 at the end of June 2025 with approximately $80 million in surplus tax collections. That is a far cry from $826 million in surplus for fiscal year 2024 and $1.8 billion in surplus for fiscal year 2023.

“My term is almost over. We should certainly celebrate some of these big wins. But I would urge you to support our current and future leaders,” said Justice, who is finishing his second term as governor and preparing to take his U.S. Senate seat next month. He will be succeeded as governor by Attorney General Patrick Morrisey.

“Push us to keep making things better and better, Justice continued. “It was really tough digging ourselves out of the massive hole. But we’ve done it. We are producing surplus after surplus, and today is more proof of that. There’s no reason for us to slow down.”

Advertisement

Much of the reduction in tax collections comes from the 2023 tax reform package that cut personal income tax rates by 21.25% retroactive of January 2023, returning nearly $500 million to taxpayers and reducing personal income tax collections, which account for nearly 40% of general revenue fund collections.

The state will see additional personal income tax collections beginning in January 2025. After the end of fiscal year 2024, the Department of Revenue determined in August that the state would see a 4% personal income tax cut at the beginning of 2025, which will return $92 million to taxpayers when fully implemented.

Justice and the Legislature also agreed on an additional 2% personal income tax cut in a special session at the beginning of October, which will also go into effect in January 2025 and return $46 million to taxpayers when fully implemented.

Advertisement



Source link

West Virginia

West Virginia Yeager International Airport launches ‘Behind the Journey’ campaign

Published

on

West Virginia Yeager International Airport launches ‘Behind the Journey’ campaign


CHARLESTON, W.Va. (WOWK) — Every passenger traveling through the airport has a story and a meaningful reason to be heading to their destination.

But most passengers don’t know the work that goes on behind the scenes to ensure they get there safely.

‘Behind the Journey’ is West Virginia International Yeager Airport’s campaign that helps passengers get a better understanding of airport operations and adds transparency and education to the travel experience.

The operations department is up early at 4 a.m. to search for foreign objects or debris that could create a dangerous situation for an aircraft.

Advertisement

“Our first job in the morning is to do a sweep of the entire airfield, the runway and the taxiways, just to make sure that there’s nothing on there that could puncture an aircraft tire or be sucked into an engine,” Joe Belcher, operations specialist, said.

Latest News:

Once the runway is clear and safe, passengers can enjoy their flight with peace of mind.

Elizabeth Lynn, who flies to New Jersey once a month for work on Breeze Airways, says she loves the experience she has at a regional airport.

“One experience I had, I didn’t get here in time. I have to check my bag. And they were nice enough to actually take my checked bag down and let it in for me because I showed up a little late,” Lynn said.

Advertisement

Ned and Hercules are working hard to keep birds away from the runway and brighten up a passenger’s day.

“They will also go through the terminal. They’ll visit employees. They’ll also visit any type of passengers that are in the lobby. They’ll do meet and greets. They do a lot of things. They stay pretty busy throughout the day,” Blecher said.

Paige Withrow, marketing officer at CRW, says the campaign educates passengers on how the airport systems work.

“It’s important for passengers to know what happens behind the scenes so that they know who to contact if something goes wrong while they’re traveling. So if their baggage is delayed, they know to contact their airline. If they have an issue during their travel, don’t know exactly which vendor to contact,” Withrow said.

There are QR codes throughout the terminals for passengers to fill out surveys about their experience.

Advertisement

The campaign runs until June 30.

For more news from across the Tri-State, click here.



Source link

Advertisement
Continue Reading

West Virginia

Governor’s Highway Safety Program hosts annual luncheon recognizing law enforcement – WV MetroNews

Published

on

Governor’s Highway Safety Program hosts annual luncheon recognizing law enforcement – WV MetroNews


CHARLESTON, W.Va. — Law enforcement who keep West Virginia roadways safe were honored Thursday in the Capital City.

The West Virginia Governor’s Highway Safety Program (GHSP) hosted the annual Law Enforcement Traffic Safety Awards Luncheon at the Charleston Coliseum and Convention Center to highlight over 100 law enforcement agencies and officers from across the state for their work.

Jack McNeely

GHSP Director Jack McNeely says the program covers the nearly 39,000 miles of public roadways in West Virginia, and it aims to reduce crashes, serious injuries, and fatalities. It was very important to recognize the law enforcement during the luncheon, McNeely said.

“For their efforts while enforcing against impaired driving, distracted driving, seatbelt use, and while they’re on the Governor’s Highway Safety Program time,” McNeely said. “Our program, we change behaviors. Our goal is to change behaviors or drivers. We do that through engagement, education and enforcement.”

Advertisement

A particularly susceptible group to roadway accidents is young drivers. McNeely said the number one cause of death for 15-to-24-year-olds is car crashes. He said part of it is inexperience, and so education plays a key role.

McNeely mentioned the GHSP funds some projects through the Driver’s Education Program in West Virginia, as well as the Drive to Save Lives program, which spreads information about factors that cause crashes.

The ceremony was held at the Charleston Coliseum and Convention Center (Photo/MetroNews)

McNeely said 30-year motivational speaker Cara Filler spoke with the GHSP last week, and she has particular insight into the dangers of speed-related crashes. McNeely said Filler’s twin sister was killed one day after her 18th birthday in a speed-related crash. Filler has reached two million people in five countries during her time as motivational speaker.

There were special guests at the luncheon. Boone County couple Jimmy and Zelda Craig, whose daughter Baylea Bower was killed by an impaired driver during Easter weekend last year, were present in the Capital City. McNeely mentioned House Bill 4712, named “Baylea’s Law” after Bower, which was passed earlier this year.

“Baylea’s Law” stiffened penalties for those charged with DUI causing death.

“We refer to them as crashes, because it’s a choice for someone to get behind a wheel impaired, whether by alcohol or drugs,” McNeely said. “It’s a choice for someone to speed. In that [Baylea Bower] particular case, we had speed, we had impairment, both alcohol and drug related. It’s a choice to pick up your phone and look at it while you’re driving down the road. It’s a choice not to put to buckle up your seatbelt.”

Advertisement

There’s no excuse for driving impaired, McNeely said. He implored people to always have a backup plan if they become intoxicated under alcohol or drugs.

“It’s important to have somebody, if you’re going out, whether a college town, whether you’re in Huntington, whether you’re in Morgantown, but if you know you’re going to be around that, have a designated driver,” McNeely said. “That’s the only thing I can say. Have a game plan, not only if you’re going to be the one drinking, but have a game plan if you’re going to be the one that’s not, and going to be the responsible one for that evening. Take those keys away.”

Another initiative with the GHSP has been impaired-driving checkpoints. McNeely said those checkpoints are more of an awareness program, the blue lights remind drivers to travel safely. He said it helps keep impaired drivers off the road.

The Governor’s Highway Safety Program reported 1,873 DUI arrests in the state of West Virginia in 2025. The GHSP cited 23% of the state’s vehicle deaths over the past five years as alcohol related.

Advertisement



Source link

Continue Reading

West Virginia

Primary Election Post Mortem – WV MetroNews

Published

on

Primary Election Post Mortem – WV MetroNews


A few post-election observations:

–This election saw an historic divide within the state’s Republican Party, with candidates endorsed and funded by Governor Morrisey and related PACS vs. Senator Tom Takubo’s slate.  In Kanawha County, Takubo survived withering and well-financed attacks to win re-nomination, as did Senator Vince Deeds in Greenbrier County. However, as our Brad McElhinny reported, “Morrisey’s endorsements and associated spending touched enough winners that the governor still could have significant influence on the chamber going into the next regular session.”

–The Morrisey vs. Takubo state senate slates ended up being a push. Morrisey is claiming victory, but at what cost? The Morrisey side outspent Takubo’s fundraisers four to one but ended up with status quo in the Senate. That means the internal dealing begins now to determine who will lead the Senate in the next session.

–West Virginians living in competitive districts were deluged with negative ads. Many crossed the line from being mean-spirited to simply inaccurate. There is always debate about the effectiveness of negative ads, but we don’t see any letup. More recent research suggests the conventional wisdom that negative ads depress turnout may not be accurate, but they certainly did not help turnout in this election.

Advertisement

–Most West Virginia voters stayed home. The Secretary of State’s office reports turnout at 21 percent (20.91 to be exact). That is slightly less than the last off-year primary in 2022, when the turnout was 23 percent, and well below the 2018 turnout of 26 percent.

–The statewide court races, which were open to Democrats, Republicans and Independents, turned into a brutal night for incumbents. Two Supreme Court office holders and the Intermediate Court of Appeals incumbent all lost. MetroNews Talkline co-host T.J. Meadows speculates that independent voters, who were blocked from voting in the GOP primary, joined Democrats in throwing out the judicial office holders.

–It was also a rough night for a handful of Republican House of Delegates members. At least 14 lost their re-nomination races.

–Yes, every vote does count, especially in the small single-member House districts, when there is a light voter turnout. Unofficial results on the Republican side show that in the 74th district, incumbent Guy Ward won by 17 votes. Paul Howe finished with a 15 vote advantage in the 70th. Justin Beanard won by five votes in the 10th, Tim McNeely won by four votes in the 71st, and Aaron Holley finished two votes ahead in the 22nd.

–Getting out the vote in your home county makes a difference in a statewide race with low turnout. Rachel Fetty Anderson won the race for the Democratic nomination to the U.S. Senate over four other candidates, including former state Senate President and one-time gubernatorial candidate Jeff Kessler.  Anderson received 3,900 more votes than Kessler in her home county of Monongalia, while Kessler received fewer than 1,400 more votes than Anderson in his home Ohio County. Anderson’s win may also signal Democrats are more interested in new faces than giving another shot to a veteran pol.

Advertisement

–And finally, another West Virginia county has gone Republican. The Monongalia County Republican Executive Committee says GOP registration has now surpassed the Democratic Party 22,670 to 22,468. Democrats have the advantage in registration in just four counties—Boone, Logan, McDowell, Mingo—and Boone is just 41 registrations away from flipping.

 





Source link

Advertisement
Continue Reading
Advertisement

Trending