State Budgets: West Virginia Hikes Spending as Surpluses Continue December 26, 2008 Joseph Bishop-Henchman Joseph Bishop-Henchman West Virginia has a budget surplus, and Gov. Joe Manchin (D) will unveil an update in February. Revenues are running so ahead of projections that they are expected to cover any future budget shortfall next year. However, sales, corporate, and severance tax collections are down. The government recently announced an expansion of state Medicare spending. More on West Virginia here. Stay informed on the tax policies impacting you. Subscribe to get insights from our trusted experts delivered straight to your inbox. Subscribe Share Tweet Share Email Topics West Virginia Tags State Tax and Spending Policy