The Associated Press reports that West Virginia enters the final month of its budget year $11.7 million in the red.
"May proved to be another rocky month for general revenue, yielding $336 million or $8.9 million less than estimated," the article said. "That deepened the revenue shortfall that has dogged West Virginia for much of the calendar year as a result of the hard-hitting recession."
While the administration still believes it can hit its $3.9 billion general revenue target by June 30, a Manchin official "also said that if general revenues fall short, the state can trim spending accordingly," the article said.
03 June 2009
W.Va. State Tax Revenues Still Struggling
Posted by Lawrence Messina at 10:00 AM
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