Tax Day collections erase WV revenue deficit - Beckley, Bluefield & Lewisburg News, Weather, Sports

Tax Day collections erase WV revenue deficit

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  • Woman suffers minor injuries after car rolls on I-77 in Raleigh County

    Woman suffers minor injuries after car rolls on I-77 in Raleigh County

    Wednesday, July 30 2014 8:54 PM EDT2014-07-31 00:54:47 GMT
    Car rolled multiple times on I-77 North in Raleigh County.Car rolled multiple times on I-77 North in Raleigh County.
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    In Raleigh County, a woman is miraculously not seriously injured, after her car rolls over on I-77 around 6:30 Wednesday night.An eyewitness tells us the woman was driving in the left lane on the northbound side. She suddenly veered off the road, over corrected,then slammed into the side of a tractor trailer. The car rolled multiple times before coming to a stop on it's roof.The witness says two small dogs ran out of the car. Moments later, the woman crawled out and ran after one of the dogs....
  • Flag cut down at Raleigh County Public Library in Beckley

    Flag cut down at Raleigh County Public Library in Beckley

    Wednesday, July 30 2014 8:46 PM EDT2014-07-31 00:46:27 GMT
     The incident happened at midnight between Sunday, July 27 and Monday, July 28. Officials with the library said that a person stood outside the library a made sure that no one was inside at the time.
     The incident happened at midnight between Sunday, July 27 and Monday, July 28. Officials with the library said that a person stood outside the library a made sure that no one was inside at the time.
  • Virginia shoppers can save big bucks on Back-to-School items during Tax-Free Weekend

    Virginia shoppers can save big bucks on Back-to-School items during Tax-Free Weekend

    Wednesday, July 30 2014 6:58 PM EDT2014-07-30 22:58:59 GMT
    Believe it or not, some students in our area are going back to school next week. For parents struggling to buy school supplies, Virginia is offering a tax-free holiday. 
    Believe it or not, some students in our area are going back to school next week. For parents struggling to buy school supplies, Virginia is offering a tax-free holiday. 

CHARLESTON. (AP) — West Virginia general revenues have rebounded, thanks to last month's deadline for income taxes.

April saw state government collect nearly $565 million. Officials were expecting $511 million.

The results erased a $49 million revenue deficit for the budget year. With that year ending June 30, the state began this month nearly $5 million ahead of estimate.

Personal income taxes account for April's robust collections. Other key revenue sources were flat or below projection.

Those include severance taxes on coal, natural gas and other extracted resources. Those were down slightly for the month. Officials say the state's energy sector has stabilized after months of declining coal production and falling natural gas prices.

But officials also still fear that tax revenues will miss the mark in both May and June.

 

Copyright 2013 The Associated Press