West Virginia’s budget increased cumulatively less than pop+inf in state funds but more than pop+inf in all funds from 2014-23, meaning taxes are lower in state funds but are higher in all fund than the average taxpayer can afford. 

  • The 2023 state funds budget is $733 million lower than it would have been had spending grown at the rate of population growth plus inflation over the past decade.
  • Because the state funds budget grew slower than population growth plus inflation for the last ten years, the state spent and taxed $6.0 billion less than possible.
  • The 2023 all funds budget is $1.4 billion higher than it would have been had spending grown at the rate of population growth plus inflation over the past decade.
  • Because the all funds budget grew faster than population growth plus inflation over the past decade, the state spent and taxed $6.3 billion too much.

State Funds Budget Data

  • Estimated FY 2024 Only State Funds Budget ($ Billions): $13.48
  • FY 2025 Only State Funds Budget Limit ($ Billions): $14.15
  • FY 2025 Only State Funds Budget Limit Growth ($ Billions): 4.96%
  • Cost per person of state funds budgeting more than pop+inf over the last decade in 2023 budget: ($414)
  • Cost per family of 4 of budgeting more than pop+inf over the last decade in 2023 budget: ($1,657)
  • Cumulative cost per person of state funds budgeting more than pop+inf over the last decade from 2014-23: ($3,407)
  • Cumulative cost per family of 4 of state funds budgeting more than pop+inf over the last decade from 2014-23: ($13,626)

State All Funds Budget Data

  • Estimated FY 2024 All Funds Budget ($ Billions): $19.67
  • FY 2025 All Funds Budget Limit ($ Billions): $20.64
  • FY 2025 All Funds Budget Limit Growth ($ Billions): 4.96%
  • Cost per person of all funds budgeting more than pop+inf over the last decade in 2023 budget: 810.6560059
  • Cost per family of 4 of all funds budgeting more than pop+inf over the last decade in 2023 budget: 3,243
  • Cumulative cost per person of all funds budgeting more than pop+inf over the last decade from 2014-23: 3,549
  • Cumulative cost per family of 4 of all funds budgeting more than pop+inf over the last decade from 2014-23: 14,198

Other Considerations