Bluefield Daily Telegraph, Bluefield, WV

WV State News

November 2, 2012

W.Va. state revenues continued to rebound in Oct.

CHARLESTON, W.Va. (AP) — West Virginia's state budget finances are gradually improving with a second straight month of better-than-expected tax collections.

October's general revenues totaled nearly $346 million, or close to $4 million more than expected.

But not counting lottery proceeds, general revenue are $5 million behind since the budget year began July 1.

The state has brought in $1.3 billion so far. It needs $4.1 billion by June 30, 2013.

Revenue officials says the nearly $103 million collected in sales taxes last month suggest an improving economy. That figure beat the October estimate. So did corporate net income taxes.

Severance taxes from coal and other extracted natural resources brought in $7 million more than expected. Officials say that's mostly a carry-over from September.

Personal income taxes were below estimate by nearly $7 million.

Text Only
WV State News
AP Video
Rodents Rampant in Gardens Around Louvre House to Vote on Slimmed-down Bill for Border Looming Demand Could Undercut Flight Safety Raw: 2 Shells Hit Fuel Tank at Gaza Power Plant Raw: Massive Explosions From Airstrikes in Gaza Giant Ketchup Bottle Water Tower Up for Sale Easier Nuclear Construction Promises Fall Short Kerry: Humanitarian Cease-fire Efforts Continue Raw: Corruption Trial Begins for Former Va Gov. The Carbon Trap: US Exports Global Warming UN Security Council Calls for Gaza Cease-fire Traditional African Dishes Teach Healthy Eating 13 Struck by Lightning on Calif. Beach Baseball Hall of Famers Inducted Israel, Hamas Trade Fire Despite Truce in Gaza Italy's Nibali Set to Win First Tour De France Raw: Shipwrecked Concordia Completes Last Voyage Raw: Sea Turtle Hatchlings Emerge From Nest Raw: Massive Dust Storm Covers Phoenix 12-hour Cease-fire in Gaza Fighting Begins
Business Marquee
College Sports
Pro Sports