West Virginia
Public finance
The state constitution requires the governor to submit to the legislature within 10 days after the opening of a regular legislative session a budget for the ensuing fiscal year (1 July–30 June).
Total revenue for 2000/01 was estimated at $8 billion, 35% from the general fund, 30% from federal funds, 23% from special revenue funds, and 12% from state road funds. Expenditures were expected to equal revenue, including: health and human resources (29%), education (22%), transportation (17%), higher education and the arts (14%), and public safety (3.4%).
The overall budget for 2003/04 was $8.1 billion. General fund expenditures were budgeted at $3.034 billion (equal to expected revenues), of which $1.56 billion (51.4%) were targeted for public education.
The following table from the US Census Bureau contains information on revenues, expenditures, indebtedness, and cash/securities for 2001.
| ($000) | PERCENT | PER CAPITA | |
| Population (thousands, 2001) | 1,801 | (X) | (X) |
| Total Revenue | 8,296,556 | 100.00 | 4,606.64 |
| General revenue | 6,958,550 | 83.87 | 3,863.71 |
| Utility revenue | 374 | – | 0.21 |
| Liquor store revenue | 50,784 | 0.61 | 28.20 |
| Insurance trust revenue | 1,286,848 | 15.51 | 714.52 |
| Exhibit: Salaries and wages | 1,182,154 | 16.19 | 656.39 |
| Total expenditure | 7,300,483 | 100.00 | 4,053.57 |
| General expenditure | 6,165,244 | 84.45 | 3,423.23 |
| Education | 1,930,625 | 26.45 | 1,071.97 |
| Public welfare | 1,564,560 | 21.43 | 868.72 |
| Hospitals | 74,653 | 1.02 | 41.45 |
| Health | 145,136 | 1.99 | 80.59 |
| Highways | 1,187,038 | 16.26 | 659.10 |
| Police protection | 37,874 | 0.52 | 21.03 |
| Correction | 122,009 | 1.67 | 67.75 |
| Natural resources | 148,350 | 2.03 | 82.37 |
| Parks and recreation | 58,026 | 0.79 | 32.22 |
| Government administration | 316,539 | 4.34 | 175.76 |
| Interest on general debt | 216,642 | 2.97 | 120.29 |
| Other and unallocable | 363,792 | 4.98 | 201.99 |
| Utility expenditure | 4,025 | 0.06 | 2.23 |
| Liquor store expenditure | 44,112 | 0.60 | 24.49 |
| Insurance trust expenditure | 1,087,102 | 14.89 | 603.61 |
| Debt at end of fiscal year | 4,091,919 | 100.00 | 2,272.03 |
| Cash and security holdings | 10,313,189 | 100.00 | 5,726.37 |