CHARLESTON — An optimistic fiscal picture for Fiscal Year 2019 has state financial leaders encouraged and has given Gov. Jim Justice some latitude to plan some extra spending to promote economic development.

Revenue Secretary Dave Hardy said there will be no new taxes. Teachers, service personnel and state employees will get a raise.

Justice is proposing a phased tax cut for industrial inventory, machinery and equipment totaling about $135 million.

A proposal to offer free community and technical college education to qualified students will cost about $7 million, Hardy said.

To promote tourism and economic development, Justice proposes to boost tourism funding from $6 million to $20 million.