West Virginia Fiscal Statistics

StatisNostics/State Financials/West Virginia

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20122023

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State Revenue Analysis (West Virginia: 2012–2023)

Population: 1,856,313 → 1,782,959 (-4.0% change)

Overall Revenue Trends

Total Revenue▲ 50%

$12,716,818,000 (2012)→$19,077,984,000 (2023)

Per Capita Revenue▲ 56.2%

$6,851 (2012)→$10,700 (2023)

Fund Balances▼ 100%

$8,175,268,000 (2012)→$0 (2023)

Revenue Volatility✓ Low

Avg. fluctuation: 4.4%

Major Tax Revenue

Property Tax▲ 27.5%

$6,039,000 (2012)→$7,702,000 (2023)

Sales Tax▲ 41.9%

$1,277,328,000 (2012)→$1,813,139,000 (2023)

Utility Revenue

Sewerage Charges▲ 258.2%

$2,680,000 (2012)→$9,599,000 (2023)

Solid Waste Charges▲ 170.2%

$573,000 (2012)→$1,548,000 (2023)

Growth Analysis

Fastest Growing Revenue Sources

Sewerage Charges▲ 258.2%

$2,680,000→$9,599,000

Solid Waste Charges▲ 170.2%

$573,000→$1,548,000

Parks & Recreation Charges▲ 137.6%

$17,065,000→$40,553,000

Declining/Slowest Growing Sources

Workers Compensation - Other Contributions▼ 98.8%

$54,361,000→$674,000

Sale of Property▼ 98.6%

$48,046,000→$677,000

Corporation License Tax▼ 76.6%

$4,323,000→$1,011,000

Revenue Forecast

Projected Revenue (Next Year)▲ 6.8%

Estimated: $20,368,714,260

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%

2023 Revenue Breakdown

Federal Intergovernmental Public Welfare28.4%

Individual Income Tax14.1%

Total General Sales Taxes9.5%

Federal Intergovernmental Education5.1%

Severance Tax4.4%

Other Selective Sales Taxes3.5%

Federal Intergovernmental Highways3.4%

Higher Education Tuition Charges3.3%

Net Lottery Revenue3.0%

All Other Not Elsewhere Classified Charges2.8%

Motor Fuels Sales Tax2.3%

Corporation Net Income Tax2.2%

Federal Intergovernmental Other2.0%

Interest Earnings1.7%

Donations From Private Sources1.4%

Federal Intergovernmental Health & Hospitals1.3%

Higher Education Auxiliary Charges1.1%

Federal Intergovernmental Other Natural Resources1.0%

Insurance Premium Tax1.0%

Toll Highway Charges1.0%

Motor Vehicle Operators License0.8%

Tobacco Sales Tax0.8%

Unemployment - Contribution0.8%

Liquor Stores Revenue0.7%

Public Utilities Tax0.7%

Miscellaneous General Revenue Not Elsewhere Classified0.5%

Local Intergovernmental Other0.5%

Hospital Charges0.4%

Workers Compensation - Interest Earnings0.3%

Amusement Tax0.2%

Parks & Recreation Charges0.2%

Natural Resources Not Elsewhere Classified Charges0.2%

Royalties0.2%

Federal Intergovernmental Housing & Community Development0.2%

Federal Intergovernmental Employment Security Administration0.1%

Alcoholic Beverage Sales Tax0.1%

Occupation & Business License Not Elsewhere Classified0.1%

Education Other State Charges Not Elsewhere Classified0.1%

Taxes Not Elsewhere Classified0.1%

Documentary & Stock Transfer Tax0.1%

Sewerage Charges0.1%

Housing & Community Development Charges0.0%

Property Tax0.0%

Unemployment - Interest Revenue0.0%

Regular Highway Charges0.0%

Motor Vehicle License0.0%

Other License Tax0.0%

Fines & Forfeits0.0%

Amusement License Tax0.0%

Local Intergovernmental Education0.0%

Alcoholic Beverage License Tax0.0%

Transit Utilities Revenue0.0%

Solid Waste Charges0.0%

Air Transportation Charges0.0%

Corporation License Tax0.0%

Sale of Property0.0%

Workers Compensation - Other Contributions0.0%

Public Utility License Tax0.0%

Hunting & Fishing License0.0%

Key Insights

1Total revenue increased by 50% from 2012 to 2023, representing a significant change in the state's financial position.
2Utility revenue growth was exceptional, with sewerage up 258.2%, suggesting infrastructure expansion or rate adjustments.
3Population changed by -4.0%, while per-capita revenue changed by 56.2%.
4The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.
5Revenue has been relatively stable (avg. fluctuation ~4.4%).

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State Expense Analysis (West Virginia: 2012 - 2023)

Total Expenditure Trends

Operating Expenditures▲ 180%

$4,626,289,000→$12,940,743,000

Per Capita Spending▲ 191%

$2,492→$7,258

Population Trends

Population Change▼ 4%

1,856,313 (2012)→1,782,959 (2023)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 55%

$70,624,000 (2012)→$109,649,000 (2023)

Fire Protection▼ 0%

$0 (2012)→$0 (2023)

Infrastructure Expenses

Highways Maintenance▲ 91%

$363,466,000 (2012)→$693,134,000 (2023)

Sewerage Operations▼ 0%

$0 (2012)→$4,482,000 (2023)

Administrative Expenses

Financial Administration▲ 138%

$170,888,000 (2012)→$405,938,000 (2023)

General Expenses▲ 99%

$352,158,000 (2012)→$701,595,000 (2023)

West Virginia Key Insights

1Per capita expenditures grew by 191%, indicating substantial service expansion or cost increases not explained by population growth alone
2Financial Administration was the fastest growing major expense category at 138% increase

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State Debt Analysis (2012-2023)

Debt Trends

Total Long-Term Debt▲ 505%

$3,344,057,000 (2012)→$20,217,977,000 (2023)

Industrial Revenue Debt▼ 100%

$3,962,699,000 (2012)→$0 (2023)

Per Capita Debt▲ 529%

$1,801 (2012)→$11,340 (2023)

Population Trends

Population Change▼ 4%

1,856,313 (2012)→1,782,959 (2023)

Debt Management

Most Recent Year (2023)

Issued:$956,497,000

Retired:$472,531,000

Net Change:+$483,966,000

Debt Retirement Trend

$501,940,000 → $472,531,000▼ 6%

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 529%).