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West Virginia state budget (2008-2009)
| Note: This article was last updated in 2009. Click here for more recent information on state budgets and finances. |
West Virginia faced a $200 million deficit for fiscal year 2010.[1]
Budget background
- See also: West Virginia state budget and finances
West Virginia's fiscal year begins July 1 and ends June 30 of the following year. Agency budget requests are submitted by September, after which the governor compiles their recommendation for the new fiscal year. Official revenue estimates are completed by November prior to the governor's final budget recommendations. In January the governor presents their proposed budget to the legislature, who proceed to hold a series of hearings from January through March. Typically by March, both the House and the Senate complete any necessary changes or additions and the bill is passed to the governor for final approval. Following a gubernatorial election, the budget process is delayed by one month.[2]
Budget figures
The following table provides a history of West Virginia's expenditures and gross domestic product (GDP).
| Fiscal year | Expenditures (billions) | GDP (billions) |
|---|---|---|
| 2000 | $10.0[3] | $41.5[3] |
| 2001 | $11.0[3] | $43.4[3] |
| 2002 | $12.0[3] | $45.0[3] |
| 2003 | $12.1[3] | $46.5[3] |
| 2004 | $12.2[3] | $49.7[3] |
| 2005 | $12.1[3] | $53.0[3] |
| 2006 | $12.4[3] | $56.0[3] |
| 2007 | $12.6[3] | $57.7[3] |
| 2008 | $12.9[3] | $59.5[3] |
| 2009 | $13.2*[3] | $61.3*[3] |
- NOTE: The figures for FY 2009 had not been finalized at the time this data was compiled.
See also
Footnotes
- ↑ Center on Budget and Policy Priorities, "State budget troubles worsen," March 13,2009
- ↑ State of Virginia, "Budget Process," accessed April 8,2009
- ↑ 3.00 3.01 3.02 3.03 3.04 3.05 3.06 3.07 3.08 3.09 3.10 3.11 3.12 3.13 3.14 3.15 3.16 3.17 3.18 3.19 US Government Spending, "West Virginia State and Local spending," accessed April 8,2009
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