- Associated Press - Thursday, September 3, 2015

CHARLESTON, W.Va. (AP) - West Virginia’s revenue collections have missed their target for the second straight month of the fiscal year.

Figures released Thursday by the West Virginia Department of Revenue show General Revenue Fund collections for August were $7.5 million below the estimate. Collections totaled $299 million. In July, collections were $4.8 million below the estimate.

Revenue Secretary Robert Kiss says in a news release that the lower-than-anticipated collections are due to lower energy prices.

Severance tax collections totaled about $24 million, which was $16.2 million below the estimate.

Helping to ease that gap, personal income tax collections totaled nearly $138 million, which was more than $14 million above the estimate.



Consumer sales tax collections were $3.5 million below the estimate, totaling about $104 million.

Sign up for Daily Newsletters

Manage Newsletters

Copyright © 2020 The Washington Times, LLC.

Please read our comment policy before commenting.

 

Click to Read More and View Comments

Click to Hide