|West Virginia’s end-of-Q1 cash flow is the state’s best such mark since Fiscal Year 2009.
“We are so blessed, not only with all that our state’s businesses are doing, but also by having so many outstanding people in our Department of Revenue,” Gov. Justice said. “This is truly a great day.”
The Governor was joined today by state revenue leaders for a virtual briefing to announce West Virginia’s latest successful month of revenue collections.
“We had a great September. We’re always happy when we come in above budget,” Revenue Secretary Dave Hardy said. “But that’s not the whole story here today. We often say, in the Revenue Department, that we get four major grade cards a year, and they come at the end of each quarter of the calendar.
“Ninety days is a very good time to take a look at your numbers and try to get a feel for how we’re doing, not just in a specific month, because months can vary due to cyclical things, but quarters are generally a much better estimate of how we’re doing,” Secretary Hardy continued. “And we are very, very happy. We would give very high marks for the first quarter of Fiscal Year 2021.”