June 2nd, 2022 by WCBC Radio
Gov. Jim Justice announced today that, 11 months through Fiscal Year 2022, year-to-date collections of more than $5.225 billion are a record $1.107 billion above the YTD estimate and 16.3% ahead of last year, breaking the all-time state record for total collections through the month of May.
This marks the first time in state history that cumulative collections have ever exceeded $5 billion at any point on the calendar, with another month still remaining in this fiscal year.
“I hate to sound like a broken record…but we have ANOTHER broken record!” Gov. Justice said. “Celebrating records never gets old, especially when it comes to our revenue collections.”
West Virginia’s General Revenue collections for May 2022 came in at $113.8 million over estimate.
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