How bad is it for the states, and W. Va.? Pretty bad. Look at this table. You will notice that W. Va. is the 4th most vulnerable state in the union that has many unfunded liabilities compared to Hawaii, Mississippi, and Connecticut. What is so bad? W. Va. has an high level of unfunded liabilities compared to GDP. This means loosely, that the state cannot keep up in receipts with the outlays it must meet.
The legislative session in W. Va. is nearly over. How many money bills will the state pass without regard to this coming budget catastrophe? Higher Ed institutions better squirrel away money now.