West Virginia surpasses $1 billion General Revenue surplus for fiscal year 2023

WV Press Release Sharing

CHARLESTON, W.Va. – Gov. Jim Justice announced today that West Virginia’s General Revenue collections for February 2023 are $111.8 million above estimates and 5.7% ahead of prior year receipts. Year-to-date record collections are $1.1 billion above estimate. 

The following is a brief summary of the four major components that accounted for 91% of the year-to-date surplus and more than 92% of the year-to-date 17.4% revenue gain.

February General Revenue Fund Severance Tax…