FISCAL YEAR JULY 1, 2024-JUNE 30, 2025
LEVY ESTIMATE–BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF WEIRTON, WEST VIRGINIA
In accordance with Code Section 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 4,000,000
Property Taxes–Current Expense 2,900,864
Prior Year Taxes 145,000
Supplemental Taxes 105,000
Tax Loss Restoration 2,500
Tax Penalties, Interest & Publication Fees 22,000
Gas & Oil Severance Tax 200,000
Excise Tax on Utilities 1,200,000
Business and Occupation Tax 5,550,000
Wine & Liquor Tax 225,000
Hotel Occupancy Tax 425,000
Insurance Premium Surtax 5,000
Sales Tax 3,800,000
Fines, Fees & Court Costs 136,000
Regional Jail Operations Partial Reimbursement 1,200
Licenses 65,000
Building Permit Fees 260,000
Inspection, Dilapidated Building & Vacant Property Fees 5,000
IRP Fees (Interstate Registration Plan) 195,000
Private Liquor Club Fee 35,000
Municipal Service Fees 900,000
Refuse Collection 1,755,000
Police Protection Fees 1,217,500
Fire Protection Fees 1,217,500
Federal Government Grants 150,000
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 25,000
Video Lottery (LVL) 290,000
Miscellaneous Revenue 65,000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $25,548,474
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $20,200
Coal Severance Tax 89,500
Interest Earned on Investment 375
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $110,075
General Coal Fund Severance
Fund
ESTIMATED CURRENT EXPENDITURES
Economic Development $192,500 –
Mayor’s Office 16,955 –
City Council 96,400 –
City Manager’s Office 656,940 –
Finance Office 712,520 –
Police Judge’s Office 139,910 –
City Attorney 94,485 –
Community Development (Housing) 281,835 –
Contributions to Comms/Authorities 135,000 –
Regional Development Authority 6,800 –
Building Inspection 1,243,365 –
Elections 30,000 –
Data Processing 170,045 –
City Hall 956,809 –
Electrical Services 289,025 –
Public Works Department 482,009 –
Contingencies 332,000 –
Police Department 6,059,225 –
Fire Department 4,087,164 –
Dog Warden/Humane Society 76,475 –
Communication Center/Central Dispatch 213,110 –
Streets and Highways 3,237,725 –
Street Lights 425,000 –
Central Garage 398,405 –
Public Transit 75,000 –
Garbage Department 1,975,422 –
Storm Sewer 90,250 –
Parks & Recreation 700,000 70,075
Visitors Bureau 212,500 –
Youth Program 25,000 –
Library 521,600 –
Beautification Programs 15,000 25,000
Capital Projects-General Government 15,000
Capital Projects-Street and Transportation 1,600,000
TOTAL ESTIMATED EXPENDITURES $25,548,474 $110,075
MUNICIPALITY OF WEIRTON, 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 $0
Public Utility 0 0
Total Class I $0 0
CLASS II
Real Estate $333,620,890 25.00 $834,052
Personal Property 26,100 65
Total Class II $333,646,990 $834,117
CLASS IV
Real Estate $210,072,240 50.00 $1,050,361
Personal Property 240,815,428 1,204,077
Public Utility 38,796,462 193,982
Total Class IV $489,684,130 $2,448,420
Total Value & Projected Revenue $832,331,120 $3,282,537
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 164,127
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 62,368
Less Allowance for Tax Increment Financing (if Applicable) 98,502
Total Projected Property Tax Collection $2,957,540
Less Assessor Valuation Fund 0.0175 and 0.0125 56,676
(Subtracted from regular current expense taxes levied only)
Net Amount To be Raised by Levy of Property Taxes $2,900,864
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 25th day of March, 2024
Kimberly Long
CITY CLERK
WDT March 29, April 5, 2024