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W.Va. closes budget gap without extra steps

July 1, 2014
Associated Press

CHARLESTON, W.Va. (AP) — State officials say West Virginia closed a gap in the budget and ended the fiscal year in the black.

The state started June with a $57 million gap in revenue collections.

Deputy Revenue Secretary Mark Muchow and Gov. Earl Ray Tomblin's spokesman, Chris Stadelman, told the Charleston Daily Mail (http://bit.ly/1oku9pF ) that the state ended the fiscal year on Monday with a balanced budget.

Stadelman said additional steps weren't necessary to close the gap. He and Muchow didn't provide details.

Muchow also says it's the first time in recent years that no new tax laws take effect on July 1.

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Information from: Charleston Daily Mail, http://www.charlestondailymail.com

 
 

 

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