By Mike Tony, Charleston Gazette-Mail
CHARLESTON, W.Va. — A state budget forecast released by West Virginia Gov. Patrick Morrisey’s administration projects a long-term revenue decline amid a tightening budget squeeze.
The six-year financial plan as of Wednesday released by Morrisey’s administration to coincide with the start of the 2025 regular legislative session projects estimated general revenue will total roughly $5.9 billion in fiscal year 2030 — an 8.8% drop from the state’s fiscal year 2023 general revenue of over $6.48 billion.
Department of Revenue officials showed Senate Finance Committee members in a presentation Thursday that the agency’s fiscal year 2025 official estimate of general revenue collections will be more than $446 million below fiscal year 2024 collections.
