By Steven Allen Adams, The Journal
CHARLESTON, W.Va. — It might have been April Fools Day on Friday, but that same day, Gov. Jim Justice said that surplus tax for the first three-fourths of the current fiscal year was no joke.
According to March tax revenue data released by the Senate Finance Committee on Friday, West Virginia ended the month with $488.1 million in general revenue tax collections, exceeding the $338 million revenue estimate by the state Department of Revenue by 44.4%, giving the state a $150.1 million surplus for the month.
March marked nine months since the start of Fiscal Year 22 last July, leaving the fiscal year with three months remaining. Year-to-date tax collections were nearly $4 billion, exceeding the $3.2 billion revenue estimate by 22.9%, giving the state nearly $740 million surplus tax revenue…
