State Revenue Sets Records with March Collections of $150 Million Ahead of Schedule | State and region

Gov. Jim Justice announced Friday that West Virginia’s general tax revenue for March 2022 was $488.1 million — an all-time high for March, according to the governor’s office.

March 2022 collections were $150.1 million above estimates and 29.9% higher than the previous year’s receipts.

Nine months through fiscal 2022, year-to-date collections of $3.966 billion are nearly $740 million higher than the busget estimate, breaking the state’s all-time high for the total surplus until March.

March revenue collections set several additional state records in various categories.

Departure tax collections totaled $83.9 million, a new all-time state record for March, according to the governor. Departure tax collections were $52 million higher than estimated and 78% higher than the previous year’s receipts. Since the start of the year, departure tax collections of nearly $500.5 million are also a record. They are $335 million (203%) ahead of the previous year’s revenue and are now $264.4 million above the year-to-date estimate – yet another record for March.

Personal income tax collections totaled $204.3 million, and personal income tax collections exceeded the previous year’s revenue by almost 50%.

Consumption sales tax revenue was $18.3 million higher than estimated and 11% higher than the previous year’s revenue, according to the governor’s figures.

Corporate net income tax collections were almost $0.3 million higher than estimated.

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washington d.c.

Sen. Joe Manchin, DW.Va.,

announced $80,000 from the Economic Development Administration (EDA) for the Snowshoe Resort Community District in West Virginia to conduct a feasibility study to assess the available employment market for the district.

The funding is part of EDA’s Coal Community Assistance (ACC) program, which supports business development, economic growth and job creation by investing in coal communities across the country.

The study will examine the ability of the Snowshoe Resort Community District to drive business growth, explore what is needed to foster business development, attract new business, and provide opportunities for ongoing employment.

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oak hill

The Southern Appalachia Labor School (SALS) April Book Sale is scheduled for today, Saturday, April 2, from 10 a.m. to 3 p.m. in the SALS Annex, located behind the historic Oak Hill School at 140 School Street.

There are thousands of books to browse including novels, novels, history, religion, psychology, classics, politics, craft books, recipe books and some CDs and LPs. There are also children’s books for all ages.

With a few exceptions, books cost $1 for hardbacks and $0.50 for paperbacks. A room has been set aside for clearance books which sell for $1 a bag.

Masks are required to protect yourself and others. Masks will be available.

About Elaine Morales

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