CHARLESTON, W.Va. -- In January, for the first time in the 2013-14 budget year, state tax collections came in ahead of estimates, state officials said Monday.
Collections of $391.71 million were $8.42 million ahead of projections for the month, Deputy Revenue Secretary Mark Muchow said.
Most of that upturn was the result of timing, with $15 million of taxes due Dec. 31 being posted as January revenue, he said.
Total budget year revenue collections of nearly $2.3 billion are still running $73 million behind projections, and 1.1 percent below the same point in 2013, according to Muchow.
"We still have a negative revenue growth trend year-to-date overall," he said.
A month ago, tax collections were running $81.5 million below estimates for the fiscal year, which ends June 30.
The two largest tax sources, personal income taxes and consumer sales taxes, are still lagging, falling a combined $75.8 million below estimates for the budget year, Muchow said.
"Everything else put together is pretty close to being on estimate," Muchow said of all other state taxes.
Revenue Secretary Bob Kiss said Monday the January revenue figures show the state economy is improving -- but still isn't where it needs to be.
"It's probably a little bit better than what my thoughts were last month, but we still haven't turned the curve we keep hoping to turn," Kiss said.