West Virginia state budget (2010-2011)

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Note: This article was last updated in 2011. Click here for more recent information on state budgets and finances.

West Virginia missed FY2010's revenue estimate by more than $29 million, but $119 million in midyear spending cuts in addition to an estimated $12 million left over in state agency accounts offset the revenue shortfall.[1] Additionally, the state's two key general revenue sources - sales and personal income taxes - beat both their monthly July 2010 estimates and their July 2009 collections.[1]

West Virginia had a total state debt of $13,774,822,023 when calculated by adding the total of outstanding debt, pension and OPEB UAAL’s, unemployment trust funds and the 2010 budget gap as of July 2010.[2]

2011 State spending & deficit in billions[3]
Total spending Health and human services Education Protection Transport Other
$11.2 $3.8 $3.0 $0.56 $1.3 $1.9
2011 Local spending & deficit in billions[4]
Total spending Pension Healthcare Education Welfare Protection Transport Deficit
$6.8 $0.0 $0.3 $2.8 $0.1 $0.6 $0.2 $3.7

FY2011 State Budget

See also: Archived West Virginia state budgets

Find the state’s FY2011 Comprehensive Annual Financial Report (CAFR) compiled by the state government online.[5]

Halfway through FY2011, state tax collections had generated $1.9 billion, which was 9% more than originally projected.[6] The state had forecast collecting at least $3.7 billion by June 30, 2011.[6]

The legislature approved the FY2011 budget when it passed SB 213 on March 20, 2010.[7][8]


General Revenue Fund Appropriations[9]

Category $ in millions %
Public Education $1,799.0 48.1%
Health/Human Resources $790.7 21.1%
Higher Education $402.0 10.8%
Military Affairs & Public Safety $343.0 9.2%
Other $404.2 10.8%
Other includes:
Revenue $29.6
Executive $42.5
Administration $72.4
Environment $7.9
Commerce $65.6
Transportation $8.1
Judicial $118.9
Legislative $26.7
Education & Arts $32.5
Total $3.739 Billion 100.0%

FY2011 monthly revenue estimates can be found here.

State Budget FY2010

West Virginia faced an estimated $120 million deficit by the end of the FY 2010 budget as reported December 2009.[10] West Virginia finished FY 2009 with a $68 million surplus, had a $500 million Rainy Day Fund, and had not spent the full amount of federal stimulus funds.[11] The West Virginia Legislature had been called into its 4th special session in 2009.[12][13]

State revenues for the fiscal year since July 1, 2009 had been $16 million less than estimated. The month of October 2009 saw a slight $1.3 million collection increase.[14] Gov. Manchin had asked the Department of Education to cut 4% for its FY 2011 budget planning and all other state agencies to trim 5%.

The total West Virginia state FY 2010 budget was $11.6 billion and divided into:[15]

Fund Amount
General Revenue $3.8 billion
Road Fund $1.4 billion
Special Revenue $1.4 billion
Lottery $166 million
Excess Lottery $312 million
Federal Funds $4.1 billion
Federal Block Grants $403 million

The Governor’s introduced version of the FY 2010 budget bill as presented in February 2009 contained a total General Revenue appropriation of $3,971,794,588 with all accounts being fully funded. Mid-session, revised revenue estimates led to a reduction of total General Revenue available for appropriation by $197,493,639, leaving the total General Revenue available for appropriation at $3,788,000,000. Expenditure reductions were across the board and ranged from 2% to 10%.[16]

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. The Governor submits the budget the second Wednesday in January to the Legislature who proceed to hold a series of hearings from January through March.[17][18]

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[19] $41.5[19]
2001 $11.0[19] $43.4[19]
2002 $12.0[19] $45.0[19]
2003 $12.1[19] $46.5[19]
2004 $12.2[19] $49.7[19]
2005 $12.1[19] $53.0[19]
2006 $12.4[19] $56.0[19]
2007 $12.6[19] $57.7[19]
2008 $12.9[19] $59.5[19]
2009 $13.2*[19] $61.3*[19]

Accounting principles

The West Virginia State Auditor's Office was responsible for examining state and local governments and school boards as well as paying all the state's bills. Glen B. Gainer III] had been elected State Auditor every four years since 1992. County audit reports were published online.[20][21]

West Virginia's CAFRs were publications of the West Virginia Department of Administration, Finance Division, Financial Accounting and Reporting Section. Ross Taylor was State Comptroller and Director of the Finance Division.[22]


Credit Rating Fitch Moody's S&P
West Virginia[23] AA- Aa3 AA-

Footnotes

  1. ↑ 1.0 1.1 Businessweek "W.Va. gov't begins new budget year $24M in black" August 2, 2010
  2. ↑ State Budget Solutions “States Hide Trillions in Debt” July 22, 2010
  3. ↑ State of West Virginia, Fiscal Year 2011
  4. ↑ USA Spending, State Guesstimated* Government Spending
  5. ↑ FY2011 CAFR
  6. ↑ 6.0 6.1 Bloomberg "Halfway through budget year, W.Va. revenues strong" Jan. 4, 2011
  7. ↑ Senate Bill 213
  8. ↑ Senate Bill 213
  9. ↑ General Revenue Fund Appropriations
  10. ↑ Times West Virginian, "Bright spots can outshine mandated budget cuts," December 30, 2009
  11. ↑ Times West Virginian, "$100M budget deficit not so alarming," November 8, 2009'
  12. ↑ Associated Press, "WV Legislators Head into Special Session," November 18, 2009
  13. ↑ Associated Press, "W.Va. lawmakers begin 4th special session of '09," November 18, 2009 (dead link)
  14. ↑ Associated Press, "Lagging Revenues Threaten Budget Deficit in WV," November 3, 2009
  15. ↑ West Virginia Legislature, "Final Wrap Up," June 11, 2009
  16. ↑ West Virginia Legislature, "Final Wrap Up," June 11, 2009
  17. ↑ State of Virginia, "Budget Process," accessed April 8, 2009
  18. ↑ National Association of Budget Officers, "Budget Processes in the States," 2008 (dead link)
  19. ↑ 19.00 19.01 19.02 19.03 19.04 19.05 19.06 19.07 19.08 19.09 19.10 19.11 19.12 19.13 19.14 19.15 19.16 19.17 19.18 19.19 US Government Spending, "West Virginia State and Local spending," accessed April 8,2009
  20. ↑ West Virginia State Auditor's Office Web site, accessed November 18, 2009
  21. ↑ audit reports
  22. ↑ CAFRs
  23. ↑ State of Indiana, “State Credit Ratings-as of June 24, 2009"
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