West Virginia
From Wikinvestor
West Virginia is a state in the Appalachian, Upland South, and Mid-Atlantic regions of the United States, bordered by Virginia on the southeast, Kentucky on the southwest, Ohio on the northwest, and Pennsylvania and Maryland on the northeast. The capital and largest city is Charleston.
Historically the area now occupied by West Virginia was contested territory, mainly by Pennsylvania and Virginia. This rivalry resulted in some settlers petitioning the Continental Congress to create a new territory called Westsylvania. Some speculative land companies, such as the Vandalia Company, and later the Ohio Company and Indiana Company tried to legitimize their claims to land in parts of West Virginia and Kentucky but failed. With the settlement of the Pennsylvania and Virginia border dispute, which resulted in the creation of Kentucky, Kentuckians "were satisfied...and the inhabitants of a large part of West Virginia were grateful."[5]
The Census Bureau considers West Virginia part of the South because most of the state is south of the Mason-Dixon Line. The northern panhandle, however, extends adjacent to Pennsylvania and Ohio with the West Virginia cities of Wheeling and Weirton being just across the border from the Pittsburgh metropolitan area, while Bluefield is less than seventy miles from North Carolina and Harper's Ferry is considered to be a part of the Washington D.C. metropolitan area. The unique position of West Virginia means that it is often included in a wide variety of geographical regions, including the Southeastern United States and even the Northeastern United States. Notably, it is the only state which entirely lies within the area served by the Appalachian Regional Commission, which is a common definition of "Appalachia".[6]
The state is noted for its great natural beauty, its historically significant logging and coal mining industries, and its labor history. It is also known for a wide range of outdoor recreational opportunities, including skiing, whitewater rafting, rock climbing, caving, fishing, hiking, mountain biking, and hunting.
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Geography
Shaded relief map of the Cumberland Plateau and Ridge-and-valley Appalachians. The summit of Spruce Knob is often covered in clouds.
West Virginia is bordered by Pennsylvania to the north; by Ohio to the north and west; by Kentucky to the west; by Maryland to the north and east; and by Virginia to the east and south. The Ohio and Potomac rivers form parts of the boundaries.
West Virginia is the only state in the nation located entirely within the Appalachian Mountain range, and in which all areas are mountainous; for this reason it is nicknamed The Mountain State and also is partially the reason why its motto is "mountaineers are always free." About 75% of the state is within the Cumberland Plateau and Allegheny Plateau regions. Though the relief is not high, the plateau region is extremely rugged in most areas. The average elevation of West Virginia is approximately 1,500 feet above sea level-the highest of any US state east of the Mississippi River.
On the eastern state line with Virginia, high peaks in the Monongahela National Forest region give rise to an island of colder climate and ecosystems similar to those of northern New England and eastern Canada. The highest point in the state is atop Spruce Knob, at 4,863 ft (1,482 m),[2] is covered in a boreal forest of dense spruce trees at altitudes above 4,000 feet (1,220 m). Spruce Knob lies within the Monongahela National Forest and is a part of the Spruce Knob-Seneca Rocks National Recreation Area. [2] A total of six wilderness areas can also be found within the forest. Outside the forest to the south, the New River Gorge is a 1,000-foot (304 m) deep canyon carved by the New River. The National Park Service manages a portion of the gorge and river that has been designated as the New River Gorge National River, one of only 15 rivers in the U.S. with this level of protection.
Climate
The climate of West Virginia borders on a humid subtropical climate (Koppen climate classification Cfa) in the lower elevations of the southwestern portion of the state (including Huntington and Charleston), along with parts of the Eastern Panhandle east of the Appalachians with hot, humid summers and milder winters. The rest of the state has a humid continental climate (Koppen climate classification Dfa, except Dfb at the higher elevations) with warm to hot, humid summers and cold winters, increasing in severity with elevation. However, the weather is subject in all parts of the state to change. The hardiness zones range from zone 5b in the central Appalachian mountains to zone 7a in the warmest parts of the lowest elevations. In the Eastern Panhandle and the Ohio River Valley temperatures are warm enough to see and grow subtropical plants such as Southern magnolia (Magnolia grandiflora), Crepe Myrtle, Albizia julibrissin, American Sweetgum and even the occasional needle palm and sabal minor. These plants don't thrive as well in other parts of the state.
Average January temperatures range from around 28°F (-2°C) near the Cheat River to 43°F (5°C) along sections of the border with Kentucky. July averages range from 67°F (19°C) along the North Branch Potomac River to 76°F (24°C) in the western part of the state. It is cooler in the mountains than in the lower sections of the state.
Annual precipitation ranges from less than 32 inches (810 mm) in the lower eastern section to more than 56 inches (1,400 mm) in higher parts of the Allegheny Front. Slightly more than half the rainfall occurs from April to September. Dense fogs are common in many valleys of the Kanawha section, especially the Tygart Valley. West Virginia is also one of the cloudiest states in the nation, with the cities of Elkins and Beckley ranking 9th. and 10th. in the U.S. respectively for the number of cloudy days per year (over 210). In addition to persistent cloudy skies caused by the damming of moisture by the Alleghenies, West Virginia also experiences some of the most frequent precipitation in the nation, with Snowshoe averaging nearly 200 days a year with either rain or snow. Snow usually lasts only a few days in the lower sections but may persist for weeks in the higher mountain areas. An average of 34 inches (86 cm) of snow falls annually in Charleston, although during the winter of 1995–1996 more than three times that amount fell as several cities in the state established new records for snowfall. Average snowfall in the Allegheny Highlands can range up to 180 inches per year.
Demographics
The center of population of West Virginia is located in Braxton County, in the town of Gassaway.[25]
As of 2005, West Virginia has an estimated population of 1,816,856, which is an increase of 4,308, or 0.2%, from the prior year and an increase of 8,506, or 0.5%, since the year 2000. This includes a natural decrease since the last census of 3,296 people (that is 108,292 births minus 111,588 deaths) and an increase from net migration of 14,209 people into the state. Immigration from outside the United States resulted in a net increase of 3,691 people, and migration within the country produced a net increase of 10,518 people.
Only 1.1% of the state's residents were foreign-born, placing West Virginia last among the 50 states in that statistic. It has the lowest percentage of residents that speak a language other than English in the home (2.7%).
The five largest ancestry groups in West Virginia are: American (23.2%), German (17.2%), Irish (13.5%), English (12%), Italian (4.8%).
Large numbers of people of German ancestry are present in the northeastern counties of the state.
5.6% of West Virginia's population were reported as under 5, 22.3% under 18, and 15.3% were 65 or older. Females made up approximately 51.4% of the population.
There were 20,928 births in 2006. Of these, 19,757 (94.40% of the births, 95.19% of the population) were to Non-Hispanic Whites. There were 22 births to American Indians (0.11% of the births and 0.54% of the population), 177 births to Asians (0.85% of the births and 0.68% of the population), 219 births to Hispanics (1.05% of the births and 0.88% of the population) and 753 births to Blacks and others (3.60% of the births and 3.56% of the population).
The state's Northern Panhandle, and North-Central region feel an affinity for Pittsburgh, Pennsylvania. Also, those in the Eastern Panhandle feel a connection with the Washington, D.C. suburbs in Maryland and Virginia, and southern West Virginians often consider themselves Southerners. Finally, the towns and farms along the mid-Ohio River have an appearance and culture somewhat resembling the Midwest.
Economy
The economy of West Virginia is one of the most fragile of any U.S. state. According to U.S. Census Bureau data, West Virginia is the third lowest in per capita income, ahead of only Arkansas and Mississippi. It also ranks last in median household income. The proportion of West Virginia's adult population with a bachelor's degree is the lowest in the U.S. at 15.3%.
West Virginia's GDP was $55.6B in 2006, which was a 0.6% increase from 2005. This makes growth rate for the state the 2nd lowest in the nation, behind only Michigan.
One of the major resources in West Virginia's economy is coal. According to the Energy Information Administration, West Virginia is a top coal-producer in the United States, second only to Wyoming. West Virginia produces minimal oil and natural gas. Nearly all of the electricity generated in West Virginia is from coal-fired power plants. West Virginia produces a surplus of electricity and leads the Nation in net interstate electricity exports. Farming is also practiced in West Virginia, but on a limited basis because of the mountainous terrain over much of the state. Bituminous coal seam in southwestern West Virginia
West Virginia personal income tax is based on federal adjusted gross income (not taxable income), as modified by specific items in West Virginia law. Citizens are taxed within 5 income brackets, which range from 3.0% to 6.5%. The state's consumer sales tax is levied at 6%. Effective January 1, 2004 calculation of WV consumer sales tax has been converted to a calculated figure from the bracket system, and remains at six percent for most goods (food goods are now taxable at three percent). The computation of tax is carried out to the third decimal place and rounded up when the third decimal place is five (.005) or higher; and similarly rounded down if the third place is four (.004) or lower. By virtue of this method, sales totaling $0.08 and below would not have a sales tax associated with them.
West Virginia counties administer and collect property taxes, although property tax rates reflect levies for state government, county governments, county boards of education, and municipalities. Counties may also impose a hotel occupancy tax on lodging places not located within the city limits of any municipality that levies such a tax. Municipalities may levy license and gross receipts taxes on businesses located within the city limits and a hotel occupancy tax on lodging places in the city. Although the Department of Tax and Revenue plays a major role in the administration of this tax, less than one-half of one percent of the property tax collected goes to state government. The primary beneficiaries of the property tax are county boards of education. Property taxes are paid to the sheriff of each of the state's 55 counties. Each county and municipality can impose its own rates of property taxation within the limits set by the West Virginia Constitution. The West Virginia legislature sets the rate of tax of county boards of education. This rate is used by all county boards of education statewide. However, the total tax rate for county boards of education may differ from county to county because of excess levies. The Department of Tax and Revenue supervises and otherwise assists counties and municipalities in their work of assessment and tax rate determination. The total tax rate is a combination of the tax levies from four state taxing authorities: state, county, schools, and municipal. This total tax rate varies for each of the four classes of property, which consists of personal, real, and intangible properties. Property is assessed according to its use, location, and value as of July 1. All property is reappraised every three years; annual adjustments are made to assessments for property with a change of value. West Virginia does not impose an inheritance tax. Because of the phase-out of the federal estate tax credit, West Virginia's estate tax is not imposed on estates of persons who died in 2005.