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Senate Finance committee hears Department of Revenue five-year budget, staffing and capital plans
Summary
The West Virginia Department of Revenue presented a five-year budget overview covering nine divisions, staffing levels and planned capital improvements including IT/cloud hosting upgrades and a $4 million building renovation contribution from the tax department.
The West Virginia Senate Finance Committee heard a five-year budget presentation from the Department of Revenue on a package of operating and special-revenue items covering nine divisions, department Secretary Eric Nelson told the committee.
The presentation outlined each division’s general- and special-revenue lines, staffing and vacancy figures, and planned capital improvements. Nelson told senators the department’s office budget runs about $650,000 annually, highlighted a one-time transfer into the personal income tax reserve fund enacted in a prior special session, and identified recurring transfers and borrowing for cash-flow purposes.
The presentation matters because the revenue department administers taxes, licensing and transfers that affect general revenue, special revenue funds and local payments such as bond servicing and county distributions. Committee members will use the department’s figures as they weigh the executive budget and anticipated fiscal notes on legislation.
Nelson…
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