CHARLESTON (AP) — West Virginia’s monthly tax collections have exceeded their estimate for the first time since the budget year began in July.
September’s general revenues topped $400 million, or nearly $12 million more than expected.
Personal income and sales taxes are key state revenue sources. Both beat their projections last month and are ahead for the budget year to date.
But revenues from coal and other natural resources remain down. Severance taxes missed September’s mark by nearly $11 million.
West Virginia expected $993 million in general revenue by this point in the budget year. It has $988 million after weak July and August collections.