FISCAL YEAR JULY 1, 2024 – JUNE 30, 2025
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF BLUEFIELD, WEST VIRGINIA
In accordance with Code § 11-8-14, as amended, the Council proceeded to make an estimate of the amounts necessary to be raised by levy of taxes for the current fiscal year, and does determine and estimate the several amounts to be as follows:
The amount due and the amount that will become due and collectible from every source during the fiscal year INCLUDING THE LEVY OF TAXES, is as follows:
REVENUE SOURCE
Unassigned Fund Balance $ 5,600,000
Property Taxes – Current Expense 1,287,800
Gas & Oil Severance Tax 60,000
Excise Tax on Utilities 430,000
Business and Occupation Tax 2,600,000
Wine & Liquor Tax 5,000
Animal Control Tax 1,500
Hotel Occupancy Tax 100,000
Insurance Premium Surtax 14,000
Sales Tax 1,250,200
Fines, Fees & Court Costs 174,200
Parking Violations 3,000
Licenses 40,000
Building Permit Fees 50,000
Miscellaneous Permits 800
Franchise Fees 125,000
Inspection, Dilapidated Building, & Vacant Property Fees 4,000
IRP Fees 120,000
Emergency Service Fee 500
Parks & Recreation 491,570
Off Street Parking 40,000
Collection of Delinquent Accounts 40,000
Rents, Royalties, and Concessions 165,000
Refuse Collection 988,000
Police Protection Fees 75,000
Fire Protection Fees 977,500
Street Fees 597,750
Charges for Services 855,500
Contributions from Other Entities 100,000
Gaming Income 3,500
Interest Earned on Investments 161,750
Reimbursements 40,000
Refunds 15,000
Sale of Fixed Assets 5,000
Commissions 1,000
Insurance Claims 4,000
Video Lottery (LVL) 60,000
Miscellaneous Revenues 17,000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 16,503,570
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 42,515
Coal Severance Tax 42,500
Interest Earned on Investment 15
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 85,030
General Coal Severance
Fund Fund
ESTIMATED CURRECT EXPENDITURES
Economic Development $ 260,000 $ –
City Council 16,920 –
City Manager’s Office 312,450 –
Treasurer’s Office 546,128 –
City Clerk’s Office 119,410 –
Police Judge’s Office 30,125 –
City Attorney 169,300 –
Personnel Office 95,018 –
Regional Development Authority 10,447 –
Building Inspection 376,240 –
Data Processing 313,501 –
City Hall 1,348,058 –
Other buildings 344,464 –
Parking 4,800 –
Contingencies 400,000 –
Police Department 3,480,924 20,000
Fire Department 1,960,780 65,030
Watershed Project 12,500 –
Streets and Highways 2,576,885 –
Public Transit 70,000 –
Garbage Department 1,071,850 –
Storm Sewer 1,138,101 –
Parks & Recreation 1,649,169 –
Visitors Bureau 50,000 –
Library 80,000 –
Stadium 66,500 –
TOTAL ESTIMATED EXPENDITURES $ 16,503,570 $ 85,030
MUNICIPALITY OF BLUEFIELD, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2024 – JUNE 30, 2025
Certificate of Valuation
Assessed Value Levy Taxes
for Tax Purposes Rate/$100 Levied
CLASS I
Personal Property $ 0 12.50 $ –
Public Utility 0 –
Total Class I $ 0 $ –
CLASS II
Real Estate $ 152,011,320 25.00 $ 380,028
Personal Property 6,840 17
Total Class II $ 152,018,160 $ 380,045
CLASS IV
Real Estate $ 95,448,320 50.00 $ 477,242
Personal Property 48,094,574 240,473
Public Utility 68,813,668 344,068
Total Class IV $ 212,356,562 $ 1,061,783
Total Value & Projected Revenue $ 364,374,722 $ 1,441,828
Less Delinquencies, Exonerations & Uncollectable Taxes 7.00% 100,928
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 26,818
Less Allowance for Tax Increment Financing (if Applicable) –
Total Projected Property Tax Collection $ 1,314,082
Less Assessor Valuation Fund
(Subtracted from regular current expense taxes levied only) 2.00% 26,282
Net Amount to be Raised by Levy of Property Taxes $ 1,287,800
STATE OF WEST VIRGINIA
COUNTY OF Mercer
MUNICIPALITY OF BLUEFIELD
I, Robert Luther, Recording Officer of said municipality, do hereby certify that the foregoing are true copies from the record of the orders made and entered by the council of the said municipality on the 26th day of March, 2024.
Robert Luther
(Signature)
City Clerk
(Official Title of Recording Officer)
ID: 785898