The recession and bad timing for collections (the month ended on a Saturday, delaying receipts) marred West Virginia's general revenue for January, The Associated Press reports.
The poor showing -- $46 million below estimate -- reduced the year-to-day budget surplus by about two-thirds, to $28 million. But tax officials still expect to end the year June 30 in the black -- unlike at least 43 other states.
"But January's figures show more evidence that the two factors that have kept West Virginia fiscally healthier than most other states — coal and the lottery — are starting to fade," the AP aricle said.
06 February 2009
West Virginia's Incredible Shrinking Budget Surplus
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Just wait until our new president outlaws the use of coal and see if we're still in the black then. We'll all be wishing for real global warming then to survive with no heat in the winter as well. I'm hoping some logic kicks in before than and this just becomes one of the many broken promises of "The One."
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