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

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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.”

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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.

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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.”

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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.

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Yeager Airport director receives four percent pay increase – WV MetroNews

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Yeager Airport director receives four percent pay increase – WV MetroNews


CHARLESTON, W.Va. — The West Virginia International Yeager Airport director is getting a pay raise.

Dominque Ranieri

The Central West Virginia Regional Airport Authority board approved a four-percent increase for Dominique Ranieri for Fiscal Year 2026 during their meeting Wednesday. Ranieri will also receive an additional four-percent salary increase for Fiscal Year 2027. Ranieri entered into a five-year contract in December 2023 with a $237,000 annual base salary, and the raises add on to that.

The 2026 increase will be paid as a lump sum before the end of the fiscal year — which is June 30.

Airport authority chairman Todd Goldman praised Ranieri for her work. The board discussed the compensation adjustment in Executive Session during Wednesday’s meeting and announced the raise afterward.

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“A lot of it is the work that she’s performed, and the grant funding that she’s secured,” Goldman said. “As well as the team that she’s assembled up at Yeager, and their ability to execute plans, which has put us in a favorable position with the FAA (Federal Aviation Administration). You’ll see a lot of construction up there, and most of that work is due to the work that they’ve put together with her being an obvious, strong leader.”

Ranieri has served as airport director and CEO since 2022. With her appointment, she became the first woman to lead the West Virginia International Yeager Airport. She previously worked as assistant airport director at Yeager for several years and has worked at CRW since 2017.

The Yeager Airport is in the midst of lengthy renovation projects called “CRW Next.” Ranieri has overseen those projects as they progress, including last year’s first phase that added a second baggage belt and updated lobby restrooms.

Todd Goldman

CRW Next is currently in its second phase, focusing on pre-security areas such as curbside improvements, new flooring, new lighting, and new ticket counts.

Goldman said he and the board have full faith in Ranieri to steer the ship through it all.

“One hundred percent confidence,” Goldman said. “She’s a very strong leader, she’s attuned to every piece of these projects, has excellent people that work with her, and so we have complete confidence in her ability to execute all those plans.”

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Finances

The board heard positive news about airport revenues and expenses during the meeting. Board vice-chairperson Lisa Pack reported revenue in May 2026 was up $94,000 compared to last May. She said expenses were increased around $30,000 as well, but the net income was around $64,000 for the month.

Additionally, the first eleven months of Fiscal Year 2026 saw a $322,000 increase from budgeted revenue to the amount actually taken in by the airport, a 2.5-percent increase. Pack noted that the airport’s revenues have increased by $910,000 compared to last year at this time.

Yeager Airport had budgeted $1.9 million for its total operating net income. Pack said the airport ended up taking in $3.175 million, a 60-percent increase from the anticipated figure.

Ranieri said it’s great to hear the positive financial numbers, to have revenues up and costs down.

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“That is our mission here at the airport,” Ranieri said. “Everything we do is so that we can afford to do the capital improvement projects that this airport needs. So, every decision we make, every penny that we spend, is shown to our board and is open to the public, and it is so that we are prepared to carry forward CRW next and to be ready for the future of aviation here in West Virginia.”

Equipment facility project

The board also approved the awarding of a $5.75 million construction bid to the Morgantown-based March-Westin Company on a Snow Removal Equipment (SRE) building. The bid is subject to FAA approval. The new building will be located across the Marshall University Bill Noe Flight School.

Ranieri said the current maintenance storage area is overflowing and no longer meets the airport’s needs. Construction could begin on the SRE building this winter or next spring, with the goal of having it ready for Winter 2027.

Advertising partnership

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Ranieri announced a new five-year advertising agreement with the Marshall University Lewis College of Business during the meeting. She noted that five years was unusual — the typical length would be a year — but there’s a substantial investment from the College of Business into an LED display. The college will give $20,000 up front and pay the remainder of the $70,968 in installments.

“They are advertising some new (MBA) degree programs that they are going to be starting through that college,” Ranieri explained. “So, very exciting and they know that the folks that they want to target for those degree programs are our passengers here at CRW. So, you will be able to see what’s going on with that college of business and we hope it attracts a lot of new students.”

Ranieri said the display will be located across from the B1 gate area at Yeager.

Global Entry Event

Yeager Airport Chief Marketing Officer Paige Withrow said there’s a Global Entry event coming up in August. The event was originally scheduled with Customs and Border Patrol several months ago but had to be rescheduled because of the federal homeland security shutdown.

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Global Entry is a program that speeds up international clearance for passengers. It costs $120 per person and also offers TSA Precheck to travelers.

“If you need Global Entry, it’s very useful when you are traveling internationally,” Withrow said. “Please make sure to sign up for those appointments because they are hard to get. So, this is great for our community to be able to go and grab some of those appointments right here at home.”

Workers’ compensation

The Encova Workers’ Compensation Insurance costs for 2027 were down $5,066 from previous years. The board renewed the insurance for next year on Wednesday. Ranieri said they’ve done more staff training on workplace safety, in partnership with Encova, which has helped reduce the policy premiums.

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WV Celtic Festival and Highland Games

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WV Celtic Festival and Highland Games


The Inter-Mountain photo by Joe Blankenship
Clans march during the fourth annual West Virginia Wild and Wonderful Celtic Festival and Highland Games at 4-H Camp Pioneer Saturday.

The Inter-Mountain photo by Joe Blankenship
A bald eagle was on display during the fourth annual West Virginia Wild and Wonderful Celtic Festival and Highland Games at 4-H Camp Pioneer Saturday.

The Inter-Mountain photo by Joe Blankenship
A mythical creature turned up for the fourth annual West Virginia Wild and Wonderful Celtic Festival and Highland Games at 4-H Camp Pioneer Saturday.

The Inter-Mountain photo by Joe Blankenship
A bull was among the livestock on display during the fourth annual West Virginia Wild and Wonderful Celtic Festival and Highland Games at 4-H Camp Pioneer Saturday.

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The Inter-Mountain photo by Joe Blankenship

Clans march during the fourth annual West Virginia Wild and Wonderful Celtic Festival and Highland Games at 4-H Camp Pioneer Saturday.



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WVDNR accepting applications for waterfowl hunt at McClintic WMA

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WVDNR accepting applications for waterfowl hunt at McClintic WMA


Community Bulletin

Fred W. Eberle Technical Center in Buckhannon is enrolling students in its commercial driver’s license (CDL) training program, an accelerated course that can be completed in five to seven weeks. Both daytime and limited evening sessions are available. Read more →

This story brought to you paywall-free, courtesy of the My Buckhannon team and our community partners

CHARLESTON, W.Va. — The West Virginia Division of Natural Resources announced that it is accepting applications for a controlled waterfowl hunt, scheduled to take place October 3-11 at McClintic Wildlife Management Area near Point Pleasant in Mason County.

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Waterfowl hunters who wish to participate must submit their application by 11:59 p.m. August 14 at WVhunt.com. Successful applicants will be notified by mail by the second week of September.

“Controlled hunts like this are an important part of our mission to manage wildlife resources responsibly, while also giving hunters access to high-quality hunting experiences,” said WVDNR Director Brett McMillion.

The event allows hunters to hunt from a shooting station in a controlled waterfowl hunting zone at McClintic WMA during the October split of the waterfowl season. Hunters who are successful in the lottery draw are assigned an area free of charge and are permitted to bring one guest. A shooting station is also available for hunters who have a disability.

Hunters successful in the draw will be randomly assigned a day to hunt. They must report to the McClintic WMA office prior to 6 a.m. that day. Applicants not selected may come to the McClintic office on the morning of each day’s hunt to sign up for an opportunity to hunt shooting stations not filled by selected hunters.

For more information, consult the West Virginia Migratory Bird Hunting Regulations, which will be available online at WVdnr.gov and at WVDNR offices by the end of August.

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