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West Virginia tax collections continue to top projections in November

By Phil Kabler, Charleston Gazette-Mail

CHARLESTON, W.Va. — State tax collections in November continued to top expectations as federal pandemic stimulus funding continues to churn the state economy.

For November, the state collected a total of $342.49 million in tax revenue, about $20.05 million, or 6%, above estimates for the month, according to data from the state auditor and Senate Finance Committee.

It was also up about $19.6 million over November 2019 collections.

Personal income tax collections of $149.83 million led the way, coming in $14.8 million ahead of estimates.

The other key pillar of state revenue collections, consumer sales taxes, also topped expectations, coming in $6.66 million over estimates at $133.61 million.

That combined revenue surplus of nearly $21.5 million helped offset a number of underperforming tax collection categories for the month, notably including severance tax collections of $21.02 million…

To read more: https://www.wvgazettemail.com/news/state-tax-collections-continue-to-top-projections-in-november/article_8a09db4a-e318-5a61-926d-25e5032d1649.html

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