FISCAL YEAR JULY 1, 2023-JUNE 30, 2024
LEVY ESTIMATE–BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF WEIRTON, WEST VIRGINIA
In accordance with Code sections 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 4,500,000
Property Taxes–Current Expense 2,990,628
Prior Year Taxes 130,000
Supplemental Taxes 75,000
Tax Loss Restoration 500
Tax Penalties, Interest & Publication Fees 22,000
Gas & Oil Severance Tax 120,000
Excise Tax on Utilities 1,100,000
Business and Occupation Tax 4,300,000
Wine & Liquor Tax 250,000
Hotel Occupancy Tax 425,000
Insurance Premium Surtax 10,000
Sales Tax 3,700,000
Fines, Fees & Court Costs 161,000
Regional Jail Operations Partial Reimbursement 1,200
Licenses 55,000
Building Permit Fees 200,000
IRP Fees (Interstate Registration Plan) 140,000
Private Liquor Club Fee 35,500
Municipal Service Fees 935,000
Refuse Collection 1,754,000
Police Protection Fees 1,217,500
Fire Protection Fees 1,217,500
Federal Government Grants 2,570,138
State Government Grants 92,000
Contributions from Other Entities 218,910
Charges to Other Funds 90,000
Gaming Income 250,000
Interest Earned on Investments 10,000
Confiscated property, Forfeiture/Seizure 10,000
Video Lottery (LVL) 280,000
Miscellaneous Revenue 45,000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $26,905,876
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $12,500
Coal Severance Tax 75,000
Interest Earned on Investment 300
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $87,800
General Coal Fund Severance
Fund
ESTIMATED CURRENT EXPENDITURES
Economic Development $57,500 –
Mayor’s Office 16,405 –
City Council 96,900 –
City Manager’s Office 571,860 –
Finance Office 683,020 –
Police Judge’s Office 134,740 –
City Attorney 89,890 –
Community Development (Housing) 276,290 –
Contributions to Comms/Authorities 130,000 –
Regional Development Authority 6,800 –
Building Inspection 1,093,680 –
Elections 30,000 –
Data Processing 208,160 –
City Hall 3,227,619 –
Electrical Services 292,040 –
Public Works Department 361,160 –
Contingencies 138,012 –
Police Department 5,953,349 –
Fire Department 4,026,581 –
Dog Warden/Humane Society 74,400 –
Communication Center/Central Dispatch 215,815 –
Streets and Highways 2,889,100 –
Street Lights 365,000 –
Central Garage 402,980 –
Public Transit 580,138 –
Garbage Department 1,901,687 –
Storm Sewer 90,250 –
Parks & Recreation 47,800
Visitors Bureau 212,500 –
Community Center 700,000 –
Youth Program 25,000 –
Library 500,000 –
Beautification Programs 55,000 25,000
Capital Projects-General Government 15,000
Capital Projects-Street and Transportation 1,500,000
TOTAL ESTIMATED EXPENDITURES $26,905,876 $87,800
MUNICIPALITY OF WEIRTON, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2023 – JUNE 30, 2024
Certificate of Valuation Assessed Value Levy Taxes
for Tax Purposes Rate/$100 Levied
CLASS I
Personal Property $0 12.50 $0
Public Utility 0 0
Total Class I $0 0
CLASS II
Real Estate $327,110,290 25.00 $817,776
Personal Property 26,100 65
Total Class II $327,136,390 $817,841
CLASS IV
Real Estate $201,001,800 50.00 $1,005,009
Personal Property 267,236,885 1,336,184
Public Utility 41,382,922 206,915
Total Class IV $509,621,607 $2,548,108
Total Value & Projected Revenue $836,757,997 $3,365,949
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 168,297
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 63,953
Less Allowance for Tax Increment Financing (if Applicable) 100,067
Total Projected Property Tax Collection $3,033,632
Less Assessor Valuation Fund 0.0175 and 0.0125 43,004
(Subtracted from regular current expense taxes levied only)
Net Amount To be Raised by Levy of Property Taxes $2,990,628
STATE OF WEST VIRGINIA
COUNTY OF BROOKE/HANCOCK
MUNICIPALITY OF WEIRTON
I, KIMBERLY LONG, 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 13th day of March, 2023
Kimberly Long
CITY CLERK
WDT adv March 24, March 31, 2023