West Virginia Breaks Even for May Tax Collections

West Virginia breaks even for May tax collections

CHARLESTON – After larger-than-expected tax collections in April, West Virginia’s May numbers came in just under projections.

May General Revenue Fund Collections Below Monthly Estimate, Up $236 Million in FY2025 - West Virginia Daily News

Charleston, W.Va. (WVDN) – May General Revenue Fund collections of nearly $349.9 million were less than $0.2 million below the monthly estimate and 12% below prior year receipts. A $13.7 million monthly surplus in severance tax and a $7.7 million surplus in monthly sales tax collections were offset by monthly shortfalls in personal income tax and corporation net income tax. May severance tax collections were 44.2% above prior May receipts due to…