Edited from a Press Release
Gov. Jim Justice announced today that the State of West Virginia finished Fiscal Year 2018 with net collections of $4.245 billion which is $20.2 million ahead of estimate. The numbers for FY 2018 represent the highest general revenue collection in state history.

The final report on the budget surplus will be determined at the end of July and should be more than $28 million, Gov. Justice said.
June General Revenue collections finished nearly $4.7 million above estimate for the month. Personal Income Tax increased by over 6% from last year.
The Personal Income Tax increase is a “very strong indicator of employment growth and the private sector employment numbers improved substantially as well,” Gov. Justice added.
The last time the state finished a budget cycle with a surplus, without mid-year budget cuts, was FY 2012, six years ago.
FY 2018 Revenue Summary Highlights
For details on other revenues, go to www.budget.wv.gov/reportsandcharts/revenuereports