WV Center on Budget and Policy > Press > WVCBP in the News > Income Tax Drags State Revenues Down

Income Tax Drags State Revenues Down

November 5, 2013

Charleston Gazette – State tax collections continued to run about 3 percent below estimates in October, dragged down by personal income tax collections that fell $7.78 million below projections, deputy Revenue secretary Mark Muchow said Monday. Read

“The biggest issue is a lack of significant growth in wages and salary income from this time a year ago to now,” Muchow said, saying the lack of pay raises for most workers in the state has kept personal income tax collections flat.