West Virginia Governor Says $826 Million Surplus Will Trigger Tax Cuts

Gov. Jim Justice is vying for the U.S. Senate seat being vacated by Sen. Joe Manchin.

West Virginia Gov. Jim Justice (C) announces a state revenue surplus and tax cuts during his final fiscal year-end address on July 1, 2024. Office of the Governor

West Virginia Gov. Jim Justice said the state ended its fiscal year with a revenue surplus that is expected to trigger cuts to the state’s personal income tax requirement.

Mr. Justice announced on July 1 during his fiscal year end report that the state collected an extra $826 million, which will reduce income tax rate by approximately 3 to 4 percent.