Skip to content

West Virginia Road Fund – October 2023 Highlights

WV State Outline with Road

The West Virginia Department of Revenue concluded the first four months of the 2024Fiscal Year with four percent over their initial estimate.  With the total combined revenue of Fuel Tax, Registration Fees, Privilege Tax and Litter Fees being $324.6 million, compared to its estimate of $313.2 million.

Motor Fuel Tax carried much of the excess as the winter season draws near, with collections totaling some $170.5 million, $15.5 million above the estimates.  Vehicle Sales tax collections totaled $112.5million roughly $7 million above estimates possibly due to the lingering high prices for vehicles.  According to Cox Automotive, “the average price paid for a new non-luxury vehicle in September was $44,626, an increase of 1% from one year ago.”

While Fuel and Sales tax collections were both more than predictions, Registration Fees trailed estimates, roughly $11 million, totaling $41 million.  This trailing in Registration fees follows the like trend as mentioned in July regarding the decreased overall vehicle sales across the nation. As mentioned, nationally, roughly 9% fewer vehicles were sold in the calendar year 2022 when compared to 2021.

When compared with FY 2023, the last four months of the Vehicle Sales Tax remained even, Registrations lagged roughly $4 million, but Motor Fuel Tax revenues increased roughly $25 million.

A breakdown of July– October FY 2024 collections verses this years estimates and previous year collections are as followed, and the full report can be found here:

FY 2024 ESTIMATED COLLECTIONS
July – October
FY 2024 ACTUAL COLLECTIONS
July – October
FY 2023 ACTUAL COLLECTIONS
July – October
MOTOR FUEL  155,000,000170,500,000145,383,000
PRIVILEGE TAX  105,500,000112,495,000112,242,000
REGISTRATION  52,050,00041,047,00045,044,000
HIGHWAY LITTER FEES  609,000566,000585,000
TOTAL DEDICATED TAX  $ 313,159,000$ 324,608,000$ 303,254,000

*Source: WV State Budget Office

Past Posts

MP Committee Meeting – May 15, 2024

By JCrane | 2024/05/10

The WVDOH Materials Procedures (MP) Committee’s next meeting will be held in person on May 15 at 10:00 a.m. at the Materials Control Soils and Testing…

WVDOH Offers AASHTOWare Project Training for Industry Sample Data Entry

By JCrane | 2024/05/10

In accordance with revisions within the 2024 WVDOH Supplemental Specifications Section 106‑Control of Materials and MP 109.00.21 Sampling & Testing Documentation, projects let after January…

MP Committee Meeting – April 24, 2024

By JCrane | 2024/04/19

The WVDOH Materials Procedures (MP) Committee’s next meeting will be held in person on April 24, 2024 at 10:00 a.m. at the Materials Control Soils and…

National Work Zone Awareness Week 2024

By JCrane | 2024/04/08

National Work Zone Awareness Week (NWZAW) is April 15-19, 2024. NWZAW highlights the deadly dangers of inattention at highway work areas. Join in the activates…

Bob Brookover, WV-Paving, Awarded the 2023 Asphalt Industry Stewardship Award

By JCrane | 2024/03/15

During the luncheon at the 44th Annual Asphalt Paving Conference, John Crane, Executive Director of Asphalt Pavement Association presented the Asphalt Industry Stewardship Award.  Crane…

Paving Industry Convenes for 44th Asphalt Paving Conference

By JCrane | 2024/03/15

Over 200 individuals from industry, WVDOH, and academia joined together for the 44th Annual Asphalt Paving Conference and WVDOH Statewide Asphalt Preconstruction Meeting held in…

72-Hours Till Departure Paving Against the Clock: Yeager Airport, Charleston WV

By JCrane | 2024/03/13

The Mid Atlantic’s Best Pavement Award is given to the top performing paving project completed the previous year between Maryland, Virginia, and West Virginia.  This…

VIDEO AVAILABLE – 2024 Statewide Asphalt Pre-Construction Conference

By JCrane | 2024/03/08

The WVDOH and APAWV held the 2024 Statewide Asphalt Pre-Construction Conference in conjunction with the Asphalt Paving Conference from 8:00 AM to 9:45 AM on Wednesday,…

2024 West Virginia Asphalt Mix Design Course

By JCrane | 2024/02/22

The Asphalt Pavement Association of WV is happy to announce the availability of a 2024 Asphalt Mix Design Course. During the week of March 11th…

WV Statewide Preconstruction Meeting

By JCrane | 2024/02/16

On Wednesday morning, February 28th, the Asphalt Pavement Association will be kicking off our 44th Asphalt Paving Conference with the 2024 WV Statewide Preconstruction/pre-paving Meeting, an…