WVa Pegs '09 Budget Surplus At $22M

By: Associated Press
By: Associated Press

Charleston, W.Va. (AP) -- West Virginia's state government ended its budget year in june with several million dollars more left over than initially thought.

State revenue officials said Tuesday that final figures reflect a general tax revenue surplus of $22 million above the roughly $3.9 billion spent from that portion of the budget.

Gov. Joe Manchin had estimated the available surplus at $8 million last week when he proposed a $500 bonus-like payment to each full-time state employee.

Those payments would also rely on part of a $57 million excess lottery surplus.

Half of the $22 million must go to the state's emergency reserves, leaving $11 million for the proposed payments.

But the proposal has been criticized by public employee groups, who instead favor permanent raises.

(Copyright 2009 by the Associated Press. All rights reserved.)

You must be logged in to post comments.

Password (case sensitive):
Remember Me:
TheNewsCenter One Television Plaza Parkersburg, WV. 26101 304-485-4588
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 52473107 - thenewscenter.tv/a?a=52473107
Gray Television, Inc.