State Economy Lags, but Other States Hit Harder: ; Officials Expect a $100 Million Budget Shortfall by June

Summary

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The economic forecast has grown gloomier for West Virginia's Manchin administration, but is perhaps not as dark as what confronts a number of other states.

October's general tax revenues beat their estimate, but not by enough to erase a shortfall for the budget year that exceeds $16 million. Administration officials now estimate that revenues will miss their $3.78 billion target by around $100 million by the time the fiscal year ends June 30.

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State Economy Lags, but Other States Hit Harder: ; Officials Expect a $100 Million Budget Shortfall by June

The crucial source for West Virginia's highway needs faces lagging revenues as well. The State Road Fund is $3.3 million below projections for the year. With a year-end goal of $631.6 million, official...

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