WV Severance Tax of $947M Helped Produce $1.8B Budget Surplus

West Virginia’s budget year runs from July 1 in one year to June 30 of the next year. The most recent “2023” fiscal budget year ended on June 30. WV is rolling in the dough. The state ended the 2023 fiscal year with more than $1.8 billion in surplus funds, driven mainly by increased personal…

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