CHARLESTON (AP) — Signs of a slowing coal industry are showing up in West Virginia tax revenues.
The state’s general revenue collections for the first month of the new budget year missed their estimate by $2.5 million.
July’s revenue’s totaled $301 million. The state expects to collect $4.1 billion by the end of the fiscal year on June 30.
Personal income and several business taxes beat their projections for the month.
But sales taxes ended up below forecast. So did the severance tax on coal and other extracted natural resources.
Officials say the severance tax collections reflect a decline in coal production.
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