West Virginia records revenue $152M over estimates in May

West Virginia News

Copyright: The Associated Press.

CHARLESTON, W.Va. (AP) — Tax collections in West Virginia during the month of May flew past projections by $152.2 million.

The Charleston Gazette-Mail reports the higher-than-expected revenue is considered to be a result of Tax Day moving from April to May and the infusion of $1,400 federal stimulus checks into the economy.

Tax collections in May totaled $491 million, 45% higher than estimates.

Republican Gov. Jim Justice also said last week a budget surplus has allowed the state to invest $150 million into highway projects.

Justice said it would fund 702 miles (1,130 kilometers) of road paving and projects on 40 bridges across all 55 counties.

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