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West Virginia Road Fund – Highlights

October 2023

Author: John/Wednesday, November 01, 2023/Categories: News

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

155,000,000

170,500,000

145,383,000

PRIVILEGE TAX

105,500,000

112,495,000

112,242,000

REGISTRATION

52,050,000

41,047,000

45,044,000

HIGHWAY LITTER FEES

609,000

566,000

585,000

TOTAL DEDICATED TAX

$ 313,159,000

$ 324,608,000

$ 303,254,000

*Source: WV State Budget Office


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WV Statewide Preconstruction Meeting

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 informative session from 8:00 to 9:45am. 

If you are unable to attend the meeting click "Read More" to attend the meeting virtually.


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Monday, February 26, 2024/Author: John/Number of views (67)/Comments (0)/
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WVDOH MP Committee Meeting - February 21

WVDOH MP Committee Meeting - February 21

The WVDOH Materials Procedures (MP) Committee’s next meeting will be held in person on February 21, 2024 at 10:00 a.m. at the Materials Control Soils and Testing Division Conference Rm., 190 Dry Branch Drive, Charleston WV.  For those unable to attend in person please join via Google Meet. 

Click Read More for additional information about the meeting and proposed changes.

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Friday, February 16, 2024/Author: John/Number of views (188)/Comments (0)/
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2024 West Virginia Asphalt Mix Design Course

The Asphalt Pavement Association of WV is happy to announce the availability of a 2024 Asphalt Mix Design Course.

Click 'Read More' for registration forms, accommodation information, and additional information.

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Wednesday, February 14, 2024/Author: John/Number of views (504)/Comments (0)/
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WVDOH Price Index

February 2024

WVDOH has released the Asphalt, Concrete and Diesel Fuel price adjustment indexes for the month of February.  

Period #2 Fuel (Gal) Asphalt (Ton) Cement (Ton)
2/1/2024 2.4932 $589.00 276.27

Click Read More to see more details and historic price index values.

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Thursday, February 01, 2024/Author: John/Number of views (0)/Comments (0)/
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WVDOH Specifications Committee to Meet February 7, 2024

WVDOH Specifications Committee to Meet February 7, 2024

The WVDOH announces its February Specifications Committee meeting.  The meeting is scheduled for Wednesday, February 7th at 9:00 a.m. and will be held at the WVDOH Technical Support Division office at 1334 Smith Street, Charleston WV, in the lower-level Conference Room. 


Click Read More for more details.
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Thursday, February 01, 2024/Author: John/Number of views (1510)/Comments (0)/
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