WV closes out budget year with surplus, thanks to federal stimulus, double Tax Days
CHARLESTON â West Virginia closed out the 2020-21 budget year in the black on Wednesday, a year that featured the infusion of billions of dollars of federal pandemic stimulus funds and an unprecedented two income tax filing deadlines in the same fiscal year. June overall tax collections of $497.58 million â $25.78 million above estimates â pushed total state revenue collections for the 2020-21 budget year to $4.989 billion, giving the state a year-end budget surplus of $415.34 million. However, $119 million of that surplus is the result of reducing revenue estimates for the yea...