West Virginia Fiscal Statistics

StatisNostics/State Financials/West Virginia

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20122022

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State Revenue Analysis (West Virginia: 2012–2022)

Population: 1,856,313 → 1,784,787 (-3.9% change)

Overall Revenue Trends

Total Revenue▲ 42.2%

$12,716,818,000 (2012)→$18,082,728,000 (2022)

Per Capita Revenue▲ 47.9%

$6,851 (2012)→$10,132 (2022)

Fund Balances▼ 100%

$8,175,268,000 (2012)→$0 (2022)

Revenue Volatility✓ Low

Avg. fluctuation: 4.3%

Major Tax Revenue

Property Tax▲ 30.9%

$6,039,000 (2012)→$7,908,000 (2022)

Sales Tax▲ 29.6%

$1,277,328,000 (2012)→$1,655,483,000 (2022)

Utility Revenue

Sewerage Charges▲ 335.9%

$2,680,000 (2012)→$11,681,000 (2022)

Solid Waste Charges▲ 316.1%

$573,000 (2012)→$2,384,000 (2022)

Growth Analysis

Fastest Growing Revenue Sources

Federal Intergovernmental Health & Hospitals▲ 426.5%

$183,897,000→$968,271,000

Sewerage Charges▲ 335.9%

$2,680,000→$11,681,000

Solid Waste Charges▲ 316.1%

$573,000→$2,384,000

Declining/Slowest Growing Sources

Sale of Property▼ 98.8%

$48,046,000→$559,000

Workers Compensation - Other Contributions▼ 98.0%

$54,361,000→$1,071,000

Corporation License Tax▼ 75.0%

$4,323,000→$1,079,000

Revenue Forecast

Projected Revenue (Next Year)▲ 9.3%

Estimated: $19,761,147,768

Based on 3-year revenue trend

Revenue Composition

2012 Revenue Breakdown

Federal Intergovernmental Public Welfare18.8%

Individual Income Tax13.8%

Total General Sales Taxes10.0%

Net Lottery Revenue5.2%

Severance Tax4.9%

Federal Intergovernmental Education4.7%

Higher Education Tuition Charges4.3%

Federal Intergovernmental Highways3.6%

Other Selective Sales Taxes3.0%

Motor Fuels Sales Tax3.0%

All Other Not Elsewhere Classified Charges3.0%

Federal Intergovernmental Other2.9%

Unemployment - Contribution1.8%

Higher Education Auxiliary Charges1.7%

Donations From Private Sources1.6%

Corporation Net Income Tax1.5%

Interest Earnings1.5%

Federal Intergovernmental Health & Hospitals1.4%

Federal Intergovernmental Other Natural Resources1.2%

Public Utilities Tax1.2%

Insurance Premium Tax1.1%

Tobacco Sales Tax0.9%

Motor Vehicle Operators License0.8%

Miscellaneous General Revenue Not Elsewhere Classified0.8%

Liquor Stores Revenue0.7%

Local Intergovernmental Other0.7%

Toll Highway Charges0.7%

Amusement Tax0.6%

Hospital Charges0.6%

Workers Compensation - Other Contributions0.4%

Federal Intergovernmental Sewerage0.4%

Sale of Property0.4%

Workers Compensation - Interest Earnings0.3%

Natural Resources Not Elsewhere Classified Charges0.3%

Rents0.3%

Federal Intergovernmental Employment Security Administration0.2%

Education Other State Charges Not Elsewhere Classified0.2%

Federal Intergovernmental Water Utilities0.2%

Federal Intergovernmental Housing & Community Development0.1%

Alcoholic Beverage Sales Tax0.1%

Parks & Recreation Charges0.1%

Fines & Forfeits0.1%

Regular Highway Charges0.1%

Occupation & Business License Not Elsewhere Classified0.1%

Housing & Community Development Charges0.1%

Documentary & Stock Transfer Tax0.1%

Other License Tax0.1%

Property Tax0.0%

Local Intergovernmental Education0.0%

Corporation License Tax0.0%

Amusement License Tax0.0%

Unemployment - Interest Revenue0.0%

Motor Vehicle License0.0%

Transit Utilities Revenue0.0%

Sewerage Charges0.0%

Parimutuels Tax0.0%

Alcoholic Beverage License Tax0.0%

Air Transportation Charges0.0%

Solid Waste Charges0.0%

Public Utility License Tax0.0%

Hunting & Fishing License0.0%

Death & Gift Tax0.0%

2022 Revenue Breakdown

Federal Intergovernmental Public Welfare27.9%

Individual Income Tax13.8%

Total General Sales Taxes9.2%

Federal Intergovernmental Health & Hospitals5.4%

Federal Intergovernmental Education5.1%

Severance Tax4.3%

Other Selective Sales Taxes3.6%

Higher Education Tuition Charges3.5%

All Other Not Elsewhere Classified Charges2.9%

Federal Intergovernmental Highways2.6%

Motor Fuels Sales Tax2.3%

Net Lottery Revenue2.1%

Corporation Net Income Tax2.0%

Unemployment - Contribution2.0%

Federal Intergovernmental Other1.8%

Donations From Private Sources1.3%

Higher Education Auxiliary Charges1.1%

Toll Highway Charges1.0%

Tobacco Sales Tax0.9%

Motor Vehicle Operators License0.8%

Federal Intergovernmental Other Natural Resources0.8%

Insurance Premium Tax0.8%

Liquor Stores Revenue0.7%

Local Intergovernmental Other0.6%

Public Utilities Tax0.6%

Miscellaneous General Revenue Not Elsewhere Classified0.6%

Hospital Charges0.5%

Amusement Tax0.2%

Parks & Recreation Charges0.2%

Natural Resources Not Elsewhere Classified Charges0.2%

Federal Intergovernmental Employment Security Administration0.2%

Federal Intergovernmental Housing & Community Development0.1%

Royalties0.1%

Alcoholic Beverage Sales Tax0.1%

Documentary & Stock Transfer Tax0.1%

Education Other State Charges Not Elsewhere Classified0.1%

Occupation & Business License Not Elsewhere Classified0.1%

Sewerage Charges0.1%

Housing & Community Development Charges0.0%

Property Tax0.0%

Taxes Not Elsewhere Classified0.0%

Fines & Forfeits0.0%

Regular Highway Charges0.0%

Motor Vehicle License0.0%

Other License Tax0.0%

Unemployment - Interest Revenue0.0%

Amusement License Tax0.0%

Parimutuels Tax0.0%

Local Intergovernmental Education0.0%

Solid Waste Charges0.0%

Alcoholic Beverage License Tax0.0%

Transit Utilities Revenue0.0%

Air Transportation Charges0.0%

Corporation License Tax0.0%

Workers Compensation - Other Contributions0.0%

Sale of Property0.0%

Public Utility License Tax0.0%

Special Assessments0.0%

Federal Intergovernmental Air Transportation0.0%

Hunting & Fishing License0.0%

Key Insights

1Total revenue increased by 42.2% from 2012 to 2022, representing a significant change in the state's financial position.
2Utility revenue growth was exceptional, with sewerage up 335.9%, suggesting infrastructure expansion or rate adjustments.
3Population changed by -3.9%, while per-capita revenue changed by 47.9%.
4The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.
5Revenue has been relatively stable (avg. fluctuation ~4.3%).

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State Expense Analysis (West Virginia: 2012 - 2022)

Total Expenditure Trends

Operating Expenditures▲ 165%

$4,626,289,000→$12,238,892,000

Per Capita Spending▲ 175%

$2,492→$6,857

Population Trends

Population Change▼ 3.9%

1,856,313 (2012)→1,784,787 (2022)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 28%

$70,624,000 (2012)→$90,574,000 (2022)

Fire Protection▼ 0%

$0 (2012)→$0 (2022)

Infrastructure Expenses

Highways Maintenance▲ 75%

$363,466,000 (2012)→$635,230,000 (2022)

Sewerage Operations▼ 0%

$0 (2012)→$3,897,000 (2022)

Administrative Expenses

Financial Administration▲ 117%

$170,888,000 (2012)→$370,806,000 (2022)

General Expenses▲ 86%

$352,158,000 (2012)→$654,707,000 (2022)

West Virginia Key Insights

1Per capita expenditures grew by 175%, indicating substantial service expansion or cost increases not explained by population growth alone
2Financial Administration was the fastest growing major expense category at 117% increase

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State Debt Analysis (2012-2022)

Debt Trends

Total Long-Term Debt▲ 498%

$3,344,057,000 (2012)→$20,008,168,000 (2022)

Industrial Revenue Debt▼ 100%

$3,962,699,000 (2012)→$0 (2022)

Per Capita Debt▲ 522%

$1,801 (2012)→$11,210 (2022)

Population Trends

Population Change▼ 3.9%

1,856,313 (2012)→1,784,787 (2022)

Debt Management

Most Recent Year (2022)

Issued:$7,032,301,000

Retired:$367,015,000

Net Change:+$6,665,286,000

Debt Retirement Trend

$501,940,000 → $367,015,000▼ 27%

Key Insights

1The sharp increase in unspecified long-term debt suggests major capital projects or financial restructuring.
2New debt issuance significantly increased the per-resident debt burden (up 522%).