FISCAL YEAR JULY 1, 2025 – JUNE 30, 2026
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF NEW CUMBERLAND, 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
Nonspendable Fund Balance $ –
Restricted Fund Balance –
Committed Fund Balance –
Assigned Fund Balance 128,131
Unassigned Fund Balance 350,000
Property Taxes-Current Expense 99,852
Gas & Oil Severance Tax 3,000
Excise Tax on Utilities 50,200
Business and Occupation Tax 124,000
Wine & Liquor Tax 10,000
Sales Tax 150,000
Fines, Fees & Court Costs 4,000
Licenses 4,000
Building Permit Fees 1,000
Franchise Fees 27,000
IRP Fees (Interstate Registration Plan) 22,000
Private Liquor Club Fee 20,000
Rents, Royalties and Concessions 1,000
Gaming Income 14,500
Refunds 1,000
Filing Fees 150
Accident Reports 100
Video Lottery 386,000
Miscellaneous Revenues –
TOTAL ESTIMATED REVENUE (GENERAL FUND) $1.400.783
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance 1,000
Coal Severance Tax 3,000
TOTAL ESTIMATED REVENUE
(COAL SEVERANCE FUND) $4,000
REVENUE SOURCE
Assigned Fund Balance (Coal Fund Only)
CoaL Severalce Tax
TOTAL ESTIMATED REVENUE (COAL
SEVERANCE FUND) General Coal Severence
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 2,584 –
City Council 7,804 –
City Clerk’s Office 77 ,204 –
Police Judge’s Office 3,908 –
Regional Development Authority 275 –
City Hall 270,343
Contribution/Transfers 130,000
Other Funds –
Police Department 193,856 –
Fire Department 44,000 –
Fire Hydrants 20,000 –
Streets and Highways 242,722 6,072
Street Lights 30,000 –
Snow Removal 10,000 –
Central Garage 20,000 –
Storm Sewer 207,956 –
Parks & Recreation 12,000 –
Capital Projects-General Government 128,131 –
TOTAL ESTIMATED EXPENDITURES $1,400,783 6,072
MUNICIPALITY OF NEW CUMBERLAND, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2025 – JUNE 30, 2026
Certification of Valuation Levy Taxes
Assessed Value for Rate/$100 Levied
Tax Purposes
CLASS I
Personal Property 0 12.50 0
Public Utility 0 0
Total Class I 0 0
CLASS II
Real Estate $8,781,440 25.00 $21,954
Personal Property 13,020 33
Total Class II $8,794,460 $21,987
CLASS IV
Real Estate $8,174,510 50.00 $40,873
Personal Property 5,390,394 26,952
Public Utility 3,819,035 19,095
Total Class IV $17,383,939 $86,920
Total Value & Projected
Revenue $26,178,399 $108,907
Less Delinquiencies, Exonerations
& Uncollectable Taxes 5.50% 5,990
Less Tax Discounts (use Total Projected
Revenue to calculate) 1.50% 1,544
Less Allowance for Tax Increment
Financing (if Applicable) 0
Total Projected Property
Tax Collection $101,373
Less Assessor Valuation Fund 1.50% 1,521
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy
of Property Taxes $99,852
MUNICIPALITY OF NEW CUMBERLAND, WEST VIRGINIA
Park Board
FISCAL YEAR JULY 1, 20245- JUNE 30, 2026
Certification of Valuation Levy Taxes
Assessed Value for Rate/$100 Levied
Tax Purposes
CLASS I
Personal Property $0 6.25 $0
Public Utility 0 0
Total Class I $0 $0
CLASS II Real Estate $8,781,440 12.50 $10,993
Personal Property 13,020 16
Total Class II $8,794,460 $10,993
CLASS IV
Real Estate $8,174,510 25.00 $20,436
Personal Property 5,789,747 13,476
Public Utility 3,414,531 9,548
Total Class IV $17,074,668 $43,460
Total Value & Projected Revenue $26,174,399 $54,453
Less Delinquencies, Exonerations &
Uncollectable Taxes 5.50% 2,995
Less Tax Discounts
(use Total Revenue to calculate) 1.50% 772
Net Amount to be Raised by Levy for Budget Purposes $50,686
STATE OF WEST VIRGINIA,
COUNTY OF Hancock,
MUNICIPALITY OF NEW CUMBERLAND.
I, Tamera M. Jenkins, 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 17th day of March, 2025
Tamera M. Jenkins
City Clerk
WDT May 12 & 19, 2025