FISCAL YEAR JULY 1, 2025 – JUNE 30, 2026
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF CHESTER, 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 450,000
Property Taxes-Current Expense 239,113
Gas & Oil Severance Tax 7,000
Excise Tax on Utilities 95,000
Business and Occupation Tax 350,000
Wine & Liquor Tax 35,000
Sales Tax 360,000
Licenses 11,000
Building Permit Fees 800
Franchise Fees 36,000
IRP Fees (Interstate Registration Plan) 10,000
Private Liquor Club Fee 10,000
Municipal Service Fees 146,000
Contributions from other Funds 10,000
Gaming Income 27,000
Interest Earned on Investments 250
Refunds 2,500
Accident Reports 500
Video Lottery 432,000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $2,222,163
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance 2,000
Coal Severance Tax 8,000
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $10,000
General Coal
Fund Severance
Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 6,000 –
City Council 20,000 –
City Clerk’s Office 162,776 –
Police Judge’s Office 26,645 –
City Attorney 20,000 –
Rehabilitation of Property 100,000 –
Custodial 74,600 –
Regional Development 4,000
Elections 1,000 –
City Hall 421,450 –
Contingencies 216,891 1,000
Police Department 683,600
Police-Special Duty 8,201 –
Fire Department 38,000 –
Streets and Highways 438,500 –
Parks & Recreation – 4,500
Library – 4,500
–
TOTAL ESTIMATED
EXPENDITURES $ 2,222,163 10,000
MUNICIPALITY OF CHESTER, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2025 – JUNE 30, 2026
Certification of Valuation
Assessed Value for Levy Taxes
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 26,976,120 25.00 $67,440 Personal Property 0 0
Total Class II 26,976,120 $67,440
CLASS IV
Real Estate 20,541,370 50.00 $102,707 Personal Property 12,688,401 63,442
Public Utility 5,697,427 28,487
Total Class IV 38,927,198 194,636
Total Value & Projected Revenue
Less Delinquencies, Exonerations &
Uncollectable Taxes 5.00% 13,104
Less Tax Discounts (use Total Projected
Revenue to calculate) 2.00% 4,979
Less Allowance for Tax Increment
Financing (if Applicable) 0
Total Projected Property
Tax Collection $243,993
Less Assessor Valuation Fund 2.00% 4,880
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy
of Property Taxes $239,113
STATE OF WEST VIRGINIA,
COUNTY OF Hancock,
MUNICIPALITY OF CHESTER.
I, Tara Ayers, 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 27th day of March, 2025
Tara Ayers
City Clerk
WDT – April 7, 14, 2025