West Virginia’s February FY2026 General Revenue Fund collections have surpassed expectations, according to an announcement from Governor Patrick Morrisey. The state collected $379 million in February, which is $50 million more than projected and 6.7% higher than the same month last year. Year-to-date collections have reached over $3.612 billion, placing West Virginia $159 million above revenue estimates and 2.9% ahead of the previous year’s pace.
Governor Morrisey commented on the report, stating, “I’m encouraged by the continuing growth in overall collections. Current trends bode well for a significant year-end surplus in comparison to the estimates for this year.”
The report identifies several areas contributing to the strong performance:
Personal income tax collections for February were $109 million, exceeding projections by $31 million and increasing 7.8% compared to last year. So far this fiscal year, personal income tax revenues are more than $73 million above estimates despite recent tax rate reductions and a new refundable motor vehicle tax credit.
Consumer sales tax brought in $155.2 million in February, an increase of 8.4% from last year and $2.3 million above expectations. Year-to-date figures show consumer sales tax revenue at $1.301 billion, surpassing forecasts by $31.3 million.
Severance tax collections were over $57 million for February—$24.6 million above estimate—boosted partly by a carryover early in the month. For the fiscal year so far, severance taxes total $261.3 million, which is 35.2% higher than at this point last year.
Corporation net income tax generated $5.6 million in February ($1.8 million above estimate), with cumulative totals at $178.6 million.
Tobacco excise taxes came to $11.5 million for February and have reached $90.8 million for the fiscal year amid ongoing changes in consumer buying habits.
Insurance premium taxes totaled $2.9 million in February due to a larger-than-expected shift of payments into March.
Interest income was reported at $11.6 million for February and has reached a cumulative total of $102.1 million this fiscal year—$25.6 million more than estimated.
Governor Morrisey also recognized Deputy Revenue Secretary Mark Muchow, who is retiring after more than four decades with the State of West Virginia.
