By Steven Allen Adams, The Parkersburg News and Sentinel
CHARLESTON — July marked the start of fiscal year 2026 and the start of Gov. Patrick Morrisey’s first general revenue budget since taking office in January, with the final revenue numbers released for the previous fiscal year, prompting a statement from West Virginia’s former governor and current U.S. Senator.
According to reports released Friday by the state Department of Revenue and the Senate Finance Committee, West Virginia ended July – the first month of the new fiscal year – with $388.2 million in tax collections, which was 6.1% above the $365.9 million projection set by the governor’s revenue officials and nearly 16% above the $335.3 million in tax collections at the end of July 2024.
July’s tax collections provided the state with $22.3 million in tax collections over and above the estimate. Leading the way on the state’s tax collections in July was personal income tax and corporate net income tax collections.
July personal income tax collections of $148.4 million were 6.1% above the $140 million revenue estimate and 3.9% above July 2024 collections of $142.9 million, providing a $8.5 million surplus for the month.
