West Virginia's Treasurer says the state's financial picture looks good...for now.

John Perdue says that because of sound financial and investment practices, the Mountain State's government has withstood the general downturn in the nation's economy.

He adds that the state hasn't been as affected by the mortgage crisis as other states have.

"Our West Virginia housing fund has done a marvelous job of making sure our citizens didn't get involved in those types of investments," Perdue said in Parkersburg this past week. "Our banks have done a great job of not getting involved in that. So we have financially sound banks in the state of West Virginia."

Perdue, however, can't guarantee things will continue to be as relatively rosy as they are now.

But he hopes good money management will soften any blow from a national recession.