FISCAL YEAR JULY 1, 2025 – JUNE 30, 2026
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF HUTTONSVILLE, 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 32,500
Property Taxes – Current Expense 20,688
Prior Year Taxes 500
Supplemental Taxes 250
Tax Penalties, Interest & Publication Fees 100
Gas & Oil Severance Tax 400
Excise Tax on Utilities 5,000
Wine & Liquor Tax 27,500
Animal Control Tax 25
Licenses 450
Franchise Fees 4,000
IRP Fees (Interstate Registration Plan) 2,000
Rents, Royalties, and Concessions 11,500
Civic Center / Coliseum 250
Transfers from Rainy Day Fund 15,000
Gaming Income 11,500
Video Lottery (LVL) 750
TOTAL ESTIMATED REVENUE (GENERAL FUND) $132,413
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 100
Coal Severance Tax 400
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 500
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 2,820 –
City Council 9,000 –
Treasurer’s Office 10,000 –
Housing Authority 50 –
Regional Development Authority 200 –
City Hall 89,343 500
Contributions/Transfers to Other Funds 7,500
Streets and Highways 7,500 –
Street Lights 5,000 –
Snow Removal 2,500 –
Storm Sewer 750
Water & Sewer 750 –
Parks & Recreation 1,000 –
Playgrounds 2,000 –
TOTAL ESTIMATED EXPENDITURES $132,413 500
MUNICIPALITY OF HUTTONSVILLE, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2025 – JUNE 30, 2026
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 $ 3,015,710 25.00 $ 7,539
Personal Property 165,120 413
Total Class II $ 3,180,830 $ 7,952
CLASS IV
Real Estate $ 1,194,470 50.00 $ 5,972
Personal Property 905,626 4,529
Public Utility 945,917 4,223
Total Class IV $ 2,944,694 $ 14,723
Total Value & Projected Revenue $ 6,125,524 $ 22,675
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 1,134
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 431
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 21,110
Less Assessor Valuation Fund 2.00% 422
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 20,688
Elkins-3-21 & 3-28