An editorial from The Intelligencer/Wheeling News-Register
WHEELING, W.Va. — Facing a serious shortfall in revenue for West Virginia’s general fund budget, Gov. Earl Ray Tomblin has refused to hit the panic button. For now, that probably is the correct reaction.
But if revenue collections continue to lag at the same rates they have for six months, Tomblin may have to do more.
With the first six months of the fiscal year on the books, revenue was about $81.5 million short of what had been forecast. Department of Revenue Secretary Bob Kiss said about $15.5 million of that was due to what amounted to a technical glitch. Failure to record that amount of revenue, which had been received, was blamed.
That still left a deficit of $66 million. At that rate, the state will miss its budget goal by more than $130 million when the fiscal year ends June 30…