A Taxing Situation: Revenue Shortfalls are Being Felt Nationwide and Deeply in West Virginia

The State Journal - So far this fiscal year, personal income tax collections in West Virginia have fallen almost $30 million short of projections. Corporate income tax revenue is more than $14 million below estimates, and state sales tax collections are running more than $35 million below what state tax officials predicted. Read.

But West Virginia has company in its budget misery. Weakening sales and income taxes are a problem nationwide, according to The Nelson A. Rockefeller Institute of Government, a policy research arm of the State University of New York that keeps track of state fiscal conditions, tax policies and spending trends.

 


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