State revenue collections nearly $19 million above estimate in November

MGN

CHARLESTON, W.Va. (WDTV) -- Governor Jim Justice announced Tuesday that November revenue collections for the state were $18.8 million above what was estimated.

Officials say this makes Fiscal Year 2019 collection $141 million above estimates and 13.2% ahead of previous year receipts.

The rise in collections was credited to growth in severance tax, consumer sales tax and personal income tax.

“This is spectacular news, we have a vibrant economy that is growing and getting better every day, and we’re continuing to move in the right direction,” Justice said. “Just follow the numbers, they tell the story.”

Officials say November was the 8th consecutive month where collections have been larger than the estimates.