22 December 2008

W.Va. Evading Deficit Threat, So Far

The Associated Press cites a recent analysis by the National Conference of State Legislatures to report that "the Mountain State is among less than a dozen that expect revenues to cover spending during the current budget year."

West Virginia is also avoiding the deficit watch list for 2010, though the analysis warns that the chief culprit behind the coast-to-coast budget gaps -- plunging tax revenues -- is starting to reflect in severance collections.

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