EYEWITNESS LOCAL NEWSTAX COLLECTIONS DOWN
from Eyewitness News Online
West Virginia Tax Collections Struggling
Reported by: Associated Press
Web Producer: Jeff Morris
Reported: Feb. 1, 2013 3:43 PM EST
Charleston , Kanawha County , West Virginia
West Virginia tax collections are again struggling, just as Gov. Earl Ray Tomblin prepares to propose a new state budget to the Legislature.
January's general tax revenues totaled more than $394 million, but were projected to exceed $406 million.
That means revenues so far this budget year have missed their mark by nearly $8 million. That's less than 1 percent of the $2.3 billion in general revenues collected to date. But officials now fear that revenues will be in the red when the budget year ends June 30.
Officials cite a weak energy sector, particularly coal, for the shortfall.
Tomblin has already warned of tough budgetary times ahead. He previously asked most state agencies to trim spending by 7.5 percent.
The governor will submit his budget proposal Feb. 13.
Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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