Budget & Taxes

HB 5286 adds $1.5 million in supplemental funding from West Virginia's unappropriated surplus balance to the Department of Homeland Security's Division of Corrections and Rehabilitation for equipment purchases during fiscal year 2026. This new appropriation, designated as "Equipment - Surplus" under Fund 0450, directly supports correctional facilities by providing resources for equipment needs without increasing overall state spending. The bill uses existing surplus funds identified in the Governor's Executive Budget Document, specifically reallocating unappropriated revenue to address immediate equipment requirements for correctional units. It does not create new policies or change eligibility but adjusts budget allocations for operational support.

The Future Ready Education Act allows West Virginia school districts to enter multi-year contracts for educational technology with a technology licensing component, provided they document fiscal savings and include a 30-day cancellation clause. It extends the Mountain State Digital Project to cover grades 9-12 and adds tutoring in reading, math, science, and career-technical education. Starting in the 2026-2027 school year, all kindergarten through fifth-grade teachers must complete training in the science of reading, with public charter school educators permitted to voluntarily participate. The bill directly affects school districts, K-5 teachers, and students in public schools across West Virginia.

This bill proposes a constitutional amendment to increase the homestead property tax exemption in West Virginia from $20,000 to $50,000. It directly affects homeowners and mobile home owners who are at least 65 years old or permanently disabled, as well as younger homeowners who would receive a phased-in exemption starting at a lower value. The amendment would allow the state legislature to set specific rules for how the exemption applies, including a five-year phase-in period for properties appraised before the law takes effect. Additionally, the bill grants the legislature authority to provide property tax relief to tenants of residential or farm property. The measure requires approval by voters at the 2026 general election to become part of the state constitution.

HB 4500 authorizes Berkeley County Commission to levy a special excise tax on sales of tangible personal property and services within the Berkeley County Economic Opportunity Development District. This tax would fund economic development initiatives in the designated district, directly affecting businesses operating within its boundaries and residents who purchase taxable goods or services there. The bill specifies that the district will remain active until 2054, unless terminated earlier under existing law, and aligns with similar provisions for other counties’ economic districts. The tax is limited to sales within the district’s defined boundaries and must be approved through required legislative processes.

HB 4574 creates a "Temporary Shortfall Supplement Fund" to provide emergency loans (not grants) to West Virginia counties with reserve funds below 5% of available funding. It directly affects county school boards and their financial officers, allowing loans for personnel and essential operating expenses during fiscal shortfalls. Key provisions require counties to repay funds per a set timeline, implement strict financial reporting via WVEIS, adopt the State Auditor’s fiscal system within 45 days, and face penalties for "maladministration" (e.g., failing to maintain reserves or submitting inaccurate financial data), including potential job bans for responsible employees in public education finance roles for two years.