- Associated Press - Friday, March 3, 2017

CHARLESTON, W.Va. (AP) - Gov. Jim Justice says his administration’s review of state finances has identified about $120 million available to help close the budget gap in the current fiscal year.

The first-year Democrat says that includes using about $60 million from special revenue accounts and $60 million in re-appropriated funds, meaning unspent money from the last five years for the governor’s office, Legislature, insurance commissioner and other state agencies.

He previously proposed using money from the state’s rainy day fund.

The deficit for the current year, which ends June 30, has been estimated at $123 million.

The administration and legislators are also trying to find ways to close an estimated $500 million deficit for the next fiscal year.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide