FISCAL YEAR JULY 1, 2026 – JUNE 30, 2027
LEVY ESTIMATE – BUDGET DOCUMENT
MUNICIPALITY OF HEDGESVILLE
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2026 – JUNE 30, 2027
STATE OF WEST VIRGINIA
MUNICIPALITY OF HEDGESVILLE
In accordance with Code § 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: $317,274
Property Taxes – Current Expense: $27,731
Tax Loss Restoration: $500
Gas & Oil Severance Tax: $2,000
Excise Tax on Utilities: $5,000
Business and Occupation Tax: $45,000
Wine & Liquor Tax: $45,000
Licenses: $1,500
Building Permit Fees: $1,000
IPP Fees (Inspection Participation Plan): $2,000
Planning Commission Revenue: $500
Gaming Income: $10,000
Interest Earned on Investments: $1,200
Video Lottery (LVL): $1,500
TOTAL ESTIMATED REVENUE (GENERAL FUND): $460,205
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance (Coal Fund Only): $5,500
Coal Severance Tax: $1,000
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND): $6,500
CLASS I
Personal Property
Public Utility
Total Class I
CLASS II
Real Estate: $8,502,310
Personal Property
Total Class II: $8,502,310
CLASS IV
Real Estate: $5,370,850
Personal Property: $1,648,164
Public Utility: $1,630,538
Total Class IV: $8,649,552
Total Value & Projected Revenue: $17,351,862
Less Delinquencies, Exonerations & Uncollectable Taxes: 5.00% – $1,520
Less Tax Discounts (use Total Projected Revenue to calculate): 2.00% – $577
Less Allowance for Tax Increment Financing (if Applicable): 0
Total Projected Property Tax Collection: $28,297
Less Assessor Valuation Fund: 2.00% – $566
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes: $27,731
ESTIMATED CURRENT EXPENDITURES
| Zoning Board | General Fund: 100 | Coal Severance Fund: – |
| Mayor’s Office | General Fund: 3,800 | Coal Severance Fund: – |
| City Council | General Fund: 10,350 | Coal Severance Fund: – |
| Recorder’s Office | General Fund: 3,180 | Coal Severance Fund: – |
| Treasurer’s Office | General Fund: 2,850 | Coal Severance Fund: – |
| City Clerk’s Office | General Fund: 25,000 | Coal Severance Fund: – |
| City Attorney | General Fund: 70,000 | Coal Severance Fund: – |
| Contributions to Comms/Authorities | General Fund: 5,000 | Coal Severance Fund: – |
| Printing | General Fund: 300 | Coal Severance Fund: – |
| Regional Development Authority | General Fund: 1,000 | Coal Severance Fund: – |
| Planning & Zoning | General Fund: 1,000 | Coal Severance Fund: – |
| City Hall | General Fund: 154,825 | Coal Severance Fund: 5,500 |
| Public Grounds | General Fund: 16,800 | Coal Severance Fund: – |
| Contingencies | General Fund: 45,000 | Coal Severance Fund: – |
| Streets and Highways | General Fund: 15,000 | Coal Severance Fund: – |
| Street Lights | General Fund: 15,000 | Coal Severance Fund: – |
| Signs and Signals | General Fund: 2,500 | Coal Severance Fund: 1,000 |
| Snow Removal | General Fund: 18,000 | Coal Severance Fund: – |
| Street Cleaning | General Fund: 15,000 | Coal Severance Fund: – |
| Sidewalks | General Fund: 15,000 | Coal Severance Fund: – |
| Storm Sewer | General Fund: 5,000 | Coal Severance Fund: – |
| Parks & Recreation | General Fund: 1,500 | Coal Severance Fund: – |
| Fair Associations/Festivals | General Fund: 10,000 | Coal Severance Fund: – |
| Beautification Programs | General Fund: 15,000 | Coal Severance Fund: – |
| Cemeteries | General Fund: 9,000 | Coal Severance Fund: – |
| TOTAL ESTIMATED EXPENDITURES | General Fund: $460,205 | Coal Severance Fund: $6,500 |
STATE OF WEST VIRGINIA
COUNTY OF BERKELEY
MUNICIPALITY OF HEDGESVILLE
I, Krisandra Lamp, 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 17 day of March, 2026.
Signature
RECORDER
[Official Title of Recording Officer]