Unpacking the $400 Million Budget Gap: Administration Breaks Down the Numbers
2025-02-13
West Virginia MetroNews
The Morrisey administration has revealed the intricacies of its $400 million budget gap, citing factors such as personal income tax cuts, fluctuating severance tax collections, and rising Medicaid costs. As the state grapples with increasing expenses, including public employee insurance, Finance chairman remains skeptical. With budget planning underway, officials must navigate these challenges to find a solution. Key considerations include tax revenue, healthcare costs, and fiscal responsibility, all of which will impact the state's financial future. As the administration works to address the gap, transparency and careful planning will be crucial.
