West Virginia Revenue Collections Exceed Estimates

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West Virginia's revenue collections for March exceeded estimates by $39 million, putting the state on pace to finish the fiscal year more than $250 million ahead of projections. The strong performance was driven by gains in consumer sales tax, severance tax, and insurance premium tax, offsetting a decline in personal income tax collections.

Why it matters

The state's robust revenue performance suggests the economy is continuing to rebound from the pandemic, providing policymakers with more fiscal flexibility as they consider tax cuts and spending priorities. However, the decline in personal income tax collections raises questions about the impact of the recently approved 5% income tax cut on the state's budget.

The details

West Virginia collected $458 million in revenue during March, $39 million above estimates. Consumer sales tax, severance tax, and insurance premium tax all exceeded projections, while personal income tax fell 10.9% behind last March's figures due to higher refunds. Year-to-date collections are $199 million above estimates and 3.1% ahead of the same period last year.

• West Virginia collected $458 million in revenue during March 2026.
• Year-to-date collections are $199 million above estimates and 3.1% ahead of the same period last year.

What they’re saying

What’s next

The state expects revenue collections to remain strong in April as corporate taxes start to come in and the impact of the recently approved 5% income tax cut is reflected in higher consumer spending.