Fiscal Discipline Still Important in W.Va.
Many West Virginia legislators seem to have been breathing sighs of relief regarding the state’s fiscal outlook. They point to budget revenue that has exceeded projections.
But on Thursday, a revenue report covering the first half of the fiscal year was released. Indeed, more money than expected was received.
But hold on. Estimated collections had been $1.965 billion. Actual revenue was $1.968 billion. That $2.7 million difference does not even amount to chicken feed in the context of the budget as a whole.
At least the bleeding seems to have stopped, and that certainly is good news. But fiscal discipline should remain the order of the day.