03 June 2009

W.Va. State Tax Revenues Still Struggling

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.

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