CHARLESTON, W.Va. — West Virginia’s tax collections in January were not as bad as prior months but provided no real signs of hope for an economic turnaround, state Revenue officials said Wednesday.
“We have not veered off of our path, for the most part,” Deputy Revenue Secretary Mark Muchow said. “The numbers will continue to look bad in February and March.”
Overall revenue collections of $374.3 million for January were down $9.8 million from January 2015 and missed estimates by $11.5 million.
That’s after coming up $22.8 million short in November, and missing estimates by $43.4 million in December. The state remains headed for a severe budget shortfall for the 2015-16 budget year…
