By PHIL KABLER
Charleston Gazette-Mail
CHARLESTON, W.Va. — For the first time in 59 months — since 2012 — West Virginia tax collection for December lacked one thing: red ink. The collection of $367.54 million topped estimates for the month by $16.8 million, or 5 percent.
After years of revenue shortfalls and mid-year spending cuts, the state passed the midpoint of the 2017-18 budget year in the black, with year-to-date collection of $1.968 billion exceeding estimates by $2.7 million.
Two years ago at this point, the outlook was even more grim, with mid-year collection of $1.85 billion pointing to a $350 million budget shortfall.
Read the entire article: https://www.wvgazettemail.com/news/politics/wv-state-revenue-collections-break–month-losing-streak/article_3c9b8d28-ace5-5aba-8259-70779318ad1c.html
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