November was a “very good month”
for tax collections in West Virginia
Overall, tax officials said
collections were more than $30 million ahead of estimates for November or 11
percent better than projections. Compared with Nov. 2013, revenue collections
were up by almost 15 percent.
“Obviously, we’ve still got seven
months left, so we’ve got long ways to go,” Kiss said on Tuesday.
“Right now, it’s going to be
critical to see how December turns out before we can really start making any
longer term expressions of what, if anything, needs to be done.”
Both personal income tax and sales
tax collections, two of the state’s major sources of revenues, were ahead of
estimates for Nov. as were severance tax collections.
It was not immediately clear,
though, if the upswing was a matter of timing or of economic improvement.
