West Virginia Fiscal Statistics

StatisNostics/State Financials/West Virginia

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20122024

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State Revenue Analysis (West Virginia: 2012–2024)

Population: 1,856,313 → 1,775,156 (-4.4% change)

Overall Revenue Trends

Total Revenue▲ 48.4%

$12,716,818,000 (2012)→$18,877,859,000 (2024)

Per Capita Revenue▲ 55.2%

$6,851 (2012)→$10,634 (2024)

Fund Balances▼ 100%

$8,175,268,000 (2012)→$0 (2024)

Revenue Volatility✓ Low

Avg. fluctuation: 4.1%

Major Tax Revenue

Property Tax▲ 54.8%

$6,039,000 (2012)→$9,350,000 (2024)

Sales Tax▲ 42.2%

$1,277,328,000 (2012)→$1,816,544,000 (2024)

Utility Revenue

Sewerage Charges▲ 278.1%

$2,680,000 (2012)→$10,132,000 (2024)

Solid Waste Charges▲ 197%

$573,000 (2012)→$1,702,000 (2024)

Growth Analysis

Fastest Growing Revenue Sources

Hunting & Fishing License▲ 13037.5%

$104,000→$13,663,000

Interest Earnings▲ 415.2%

$188,665,000→$971,931,000

Sewerage Charges▲ 278.1%

$2,680,000→$10,132,000

Declining/Slowest Growing Sources

Workers Compensation - Other Contributions▼ 98.3%

$54,361,000→$908,000

Sale of Property▼ 98.3%

$48,046,000→$822,000

Fines & Forfeits▼ 57.4%

$14,657,000→$6,248,000

Revenue Forecast

Projected Revenue (Next Year)▲ 2.2%

Estimated: $19,298,355,763

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%

2024 Revenue Breakdown

Federal Intergovernmental Public Welfare24.9%

Individual Income Tax12.0%

Total General Sales Taxes9.6%

Federal Intergovernmental Education6.2%

Interest Earnings5.1%

Federal Intergovernmental Highways4.4%

Other Selective Sales Taxes3.9%

Higher Education Tuition Charges3.4%

Net Lottery Revenue3.0%

All Other Not Elsewhere Classified Charges3.0%

Corporation Net Income Tax2.5%

Motor Fuels Sales Tax2.4%

Severance Tax2.2%

Donations From Private Sources1.8%

Federal Intergovernmental Other1.7%

Federal Intergovernmental Health & Hospitals1.2%

Federal Intergovernmental Other Natural Resources1.1%

Higher Education Auxiliary Charges1.1%

Motor Vehicle Operators License1.1%

Insurance Premium Tax1.1%

Toll Highway Charges1.0%

Tobacco Sales Tax0.8%

Unemployment - Contribution0.8%

Miscellaneous General Revenue Not Elsewhere Classified0.8%

Liquor Stores Revenue0.7%

Public Utilities Tax0.7%

Workers Compensation - Interest Earnings0.6%

Local Intergovernmental Other0.5%

Hospital Charges0.4%

Natural Resources Not Elsewhere Classified Charges0.3%

Amusement Tax0.2%

Parks & Recreation Charges0.2%

Regular Highway Charges0.2%

Federal Intergovernmental Housing & Community Development0.2%

Federal Intergovernmental Employment Security Administration0.1%

Taxes Not Elsewhere Classified0.1%

Alcoholic Beverage Sales Tax0.1%

Royalties0.1%

Education Other State Charges Not Elsewhere Classified0.1%

Hunting & Fishing License0.1%

Occupation & Business License Not Elsewhere Classified0.1%

Documentary & Stock Transfer Tax0.1%

Unemployment - Interest Revenue0.1%

Sewerage Charges0.1%

Housing & Community Development Charges0.1%

Property Tax0.0%

Fines & Forfeits0.0%

Other License Tax0.0%

Motor Vehicle License0.0%

Amusement License Tax0.0%

Local Intergovernmental Education0.0%

Corporation License Tax0.0%

Alcoholic Beverage License Tax0.0%

Solid Waste Charges0.0%

Air Transportation Charges0.0%

Transit Utilities Revenue0.0%

Workers Compensation - Other Contributions0.0%

Sale of Property0.0%

Public Utility License Tax0.0%

Key Insights

1Total revenue increased by 48.4% from 2012 to 2024, representing a significant change in the state's financial position.
2Utility revenue growth was exceptional, with sewerage up 278.1%, suggesting infrastructure expansion or rate adjustments.
3Population changed by -4.4%, while per-capita revenue changed by 55.2%.
4The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.
5Revenue has been relatively stable (avg. fluctuation ~4.1%).

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State Expense Analysis (West Virginia: 2012 - 2024)

Total Expenditure Trends

Operating Expenditures▲ 185%

$4,626,289,000→$13,190,950,000

Per Capita Spending▲ 198%

$2,492→$7,431

Population Trends

Population Change▼ 4.4%

1,856,313 (2012)→1,775,156 (2024)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 72%

$70,624,000 (2012)→$121,478,000 (2024)

Fire Protection▼ 0%

$0 (2012)→$0 (2024)

Infrastructure Expenses

Highways Maintenance▲ 89%

$363,466,000 (2012)→$686,895,000 (2024)

Sewerage Operations▼ 0%

$0 (2012)→$4,301,000 (2024)

Administrative Expenses

Financial Administration▲ 158%

$170,888,000 (2012)→$441,375,000 (2024)

General Expenses▲ 173%

$352,158,000 (2012)→$961,124,000 (2024)

West Virginia Key Insights

1Per capita expenditures grew by 198%, indicating substantial service expansion or cost increases not explained by population growth alone
2General expenses increased dramatically by 173%, which may indicate classification changes, new initiatives, or reporting adjustments
3Financial Administration was the fastest growing major expense category at 158% increase

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State Debt Analysis (2012-2024)

Debt Trends

Total Long-Term Debt▲ 351%

$3,344,057,000 (2012)→$15,071,637,000 (2024)

Industrial Revenue Debt▼ 100%

$3,962,699,000 (2012)→$0 (2024)

Per Capita Debt▲ 371%

$1,801 (2012)→$8,490 (2024)

Population Trends

Population Change▼ 4.4%

1,856,313 (2012)→1,775,156 (2024)

Debt Management

Most Recent Year (2024)

Issued:$1,357,804,000

Retired:$6,666,276,000

Net Change:$-5,308,472,000

Debt Retirement Trend

$501,940,000 → $6,666,276,000▲ 1228%

🔄 Significant change in retirement strategy detected

Key Insights

1The sharp increase in unspecified long-term debt suggests major capital projects or financial restructuring.
2There appears to be a significant shift in debt management strategy between 2012-2024, with a move toward higher debt levels.