Gov. Justice: Treasurer Perdue transfers $20 million to General Revenue Fund for FY2020

1/13/2020

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Click here to view photos from the event

CHARLESTON, WV – Gov. Jim Justice and West Virginia State Treasurer John Perdue held a joint press conference today, announcing that Treasurer Perdue’s office is transferring an additional $20 million to the state’s General Revenue Fund for Fiscal Year 2020.

“What I love is the fact that this is a great example of two people, across the aisle from one another, really working together as West Virginians first and foremost,” Gov. Justice said. “Treasurer Perdue has done a heck of a job and he’s a good man. We should all be proud of all the work he’s done and today is just the latest example.”

“Thanks to a combination of conservative money management, efficient office practices, good interest rates, and successful legal settlements, I am pleased to announce my office will move a total of $20 million to the state’s General Revenue Fund to help with the current fiscal year budget,” Treasurer Perdue said. “I am excited to be in a position to provide a boost to the General Revenue Fund mid-fiscal year, and I am hopeful it will be used to support some of our state’s most imminent needs.”
The Treasurer proposed the one-time transfers of $10 million from Unclaimed Property and $10 million from Banking Services to help close a current budget gap for FY2020.

Today’s two transfers are in addition to an already-budgeted $7 million transfer to General Revenue from the Unclaimed Property Fund, which will bring the total to $27 million transferred from the Treasurer’s Office to General Revenue in FY2020.

“It’s a good day in West Virginia. We’re having a lot of good days now,” Gov. Justice said. “Our numbers have been coming in a little bit better, a little bit better, a little bit better. And now, here’s some great big help from our Treasurer. We just want to keep building on that and keep trending in the right direction.” 
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Contact Information

Jordan Damron, Jordan.L.Damron@wv.gov

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Office of the Governor
State Capitol, 1900 Kanawha Blvd. E
Charleston, WV 25305

Office Phone:
304.558.2000 or 1.888.438.2731

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304.558.3588

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