Proposed Budget - Fiscal Year 2023
On January 12, West Virginia Governor Jim Justice released his recommended budget for fiscal 2023 that totals $35.1 billion in spending from all funds, an increase of 2.16 percent over the fiscal 2022 budget. Spending from general revenue funds is recommended at $4.65 billion, an increase of $65.6 million, or 1.43 percent, over fiscal 2022. The official general revenue fund estimate for fiscal 2023 is $4.65 billion, an increase of 1.43 percent over the $4.58 billion estimated for fiscal 2022. For the sixth consecutive year, the governor recommends no rainy day funds be used to balance the budget. On December 31, 2021, the balance in the Rainy Day Fund was $464.3 million (10.3 percent of fiscal 2022 appropriations) and the balance in the Rainy Day Fund - Part B was $561.5 million (12.4 percent of fiscal 2022 appropriations). From the general revenue fund recommended appropriations of $4.65 billion in fiscal 2023, the largest categories of spending are public education (43.8 percent), health and human resources (25.5 percent), homeland security (9.9 percent), higher education (9.7 percent), and judicial (3.2 percent).