General Revenue Fund collections in West Virginia for January 2026 showed continued growth, according to an announcement from Governor Patrick Morrisey. The state collected $490.8 million in January, a 2.7% increase compared to the same month last year. Although this figure was $19.3 million below the monthly estimate of $510.1 million, cumulative collections reached more than $3.233 billion so far this fiscal year—$108.8 million above the year-to-date estimate and 2.5% higher than last year’s total at this point.
Severance Tax collections were below the monthly estimate of $17.6 million, but officials noted that payment timing can vary and expect higher receipts in February to offset January’s shortfall. Coal and natural gas sales remain strong compared to last year, with natural gas prices averaging over 50% higher than before. Severance Tax collections for January rose by 57.8% over last January, bringing the year-to-date total to $204.2 million—38.4% ahead of last year but still $17.1 million under estimates.
“These results reflect a resilient economy and responsible fiscal management,” Governor Morrisey said. “Even with monthly fluctuations, West Virginia continues to outperform expectations, and we are well-positioned to finish the fiscal year with a meaningful surplus. That puts us in a strong position to protect taxpayers, invest in priorities, and keep our state moving in the right direction.”
Personal Income Tax collections amounted to $225.4 million for January and have totaled more than $1.295 billion since July 2025, exceeding estimates by $42.1 million so far this fiscal year despite being just .2% lower than last year’s numbers due to tax rate reductions and new credits such as the refundable motor vehicle tax credit.
Consumer Sales Tax revenue reached $167 million for January—up 2.1% from last January—and surpassed projections by $1 million for the month; cumulative totals stand at nearly $1.146 billion, which is almost $29 million above estimates and 8.9% higher than at this time last year.
Corporation Net Income Tax brought in $17.8 million during January with a total of $173 million so far this fiscal year; these figures are above projections by about $1.3 million for the month and over $8 million cumulatively.
Tobacco Excise Tax collections came in at $9.7 million for January ($79.3 million so far), falling short of estimates by about $4.4 million and down 5.8% compared with prior-year figures—a trend attributed to decreased cigarette use as consumers shift toward other tobacco products or vaping alternatives.
