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The West Virginia Tax Department says it will end the fiscal year at least $30 million below estimates in tax collection.
Monthly collections have been about $4 million off. Retail taxes are drastically down, also indicating a decline in wages and
job scarcity.
Mark Muchow, a tax expert working for the state, says January's personal income tax collections were helped by a $10
million withholding from the Powerball winnings of Jack Whittaker, while other personal income tax collections were still off
for the month.
Gov. Wise has predicted a budget shortfall in excess of $200 million, while other government watchers expect it to be much
higher. The state is reducing most budgets nearly 14%.
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