Joint Standing Committee on Finance - (09-09-24)

Joint Government Finance Committee · September 9, 2024

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Revenue presentation: August general revenue and year‑to‑date collections

Presentation

1:04 → 11:28(10m 24s)

Speaker 1, representing revenue, presented August general fund collections and year‑to‑date totals: August general revenue collections were $398.1 million, about $10.9 million below estimate and 3.1% lower than last year; sales tax performed strongly while personal income and severance taxes lagged. Speaker 1 said Rainy Day and PIT reserve borrowings will be repaid in September and called interest income a positive offset.

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Legislators heard revenue and budget-related briefings in Parkersburg, including an August revenue report showing modest shortfalls vs. estimates, a presentation on arts-and-culture economic impact, a School Building Authority update on funding and construction-cost guidance, and Department of Human Services budget and policy questions.

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Transcript

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