Press Releases

At a joint press conference with Governor Jim Justice today, West Virginia State Treasurer John Perdue announced his office is transferring an additional $20 million to the state’s General Revenue Fund for Fiscal Year 2020.

“Thanks to a combination of conservative money management, efficient office practices, good interest rates, and successful legal settlements, I am pleased to announce my office will move a total of $20 million to the state’s General Revenue Fund to help with the current fiscal year budget,” Perdue said.

The Treasurer proposed the one-time transfers of $10 million from Unclaimed Property and $10 million from Banking Services to help close a current budget gap for FY2020.

“I am excited to be in a position to provide a boost to the General Revenue Fund mid-fiscal year, and I am hopeful it will be used to support some of our state’s most imminent needs,” said Perdue.

“What I love is the fact that this is a great example of two people, across the aisle from one another, really working together as West Virginians first and foremost,” said Governor Justice. “Treasurer Perdue has done a heck of a job and he’s a good man. We should all be proud of all the work he’s done and today is just the latest example.”

According to the Governor’s Office, year-to-date collections are $33.4 million below estimates due in part to a slump in energy prices and coal sales.

Today’s two transfers are in addition to an already budgeted $7 million transfer to General Revenue from the Unclaimed Property Fund, which will bring the total to $27 million transferred from the Treasurer’s Office to General Revenue in FY2020.

The Treasury does not collect state taxes. Visit the The West Virginia State Tax Department for assistance.

West Virginia State Treasurer's Office
1900 Kanawha Boulevard
Capitol Complex Building #1, Room E-145
Charleston, West Virginia 25305
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