West Virginia bracing for potential $100M budget cut
West Virginia is preparing for a potential $100 million cut to the state budget, a revenue official said on Friday.
Dave Hardy, secretary of the state Department of Revenue, said Gov. Jim Justice has asked the agency to prepare for the possible cut in order to be ready for all fiscal scenarios.
Justice announced earlier that the state came in nearly $30 million under its revenue estimates in the first quarter of fiscal year 2020. Justice frequently touts positive financial figures for the state and has said his plans for the economy are working.
Hardy said officials have had 21 budget hearings in the last two months in which agencies have been asked to find areas that could be cut. No specific amount of cuts have been determined, he said.