FISCAL YEAR JULY 1, 2026 – JUNE 30, 2027
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF BENWOOD
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
Assigned Fund Balance 2,283,035
Unassigned Fund Balance 3,531,558
Property Taxes – Current Expense 482,187
Gas & Oil Severance Tax 8,000
Excise Tax on Utilities 94,000
Business and Occupation Tax 850,000
Wine & Liquor Tax 5,000
Animal Control Tax 125
Fines, Fees & Court Costs 100,000
Licenses 14,000
Building Permit Fees 2,000
IRP Fees (Interstate Registration Plan 25,000
Employee Health Insurance Premium Charges 11,500
Parks & Recreation 40,000
Rents, Royalties, and Concessions 191,500
State Government Grants 10,000
Other Grants 17,000
Gaming Income 10,500
Interest Earned on Investments 25,000
Reimbursements 6,000
Accident Reports 150
Video Lottery (LVL) 12,300
Miscellaneous Revenues 3,000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $7,906,695
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $80,789
Coal Severance Tax 3,653
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $84,442
ESTIMATED CURRENT EXPENDITURES
General Fund Coal Severance
Fund
Mayor’s Office 12,490 –
City Council 31,226 –
Treasurer’s Office 116,661 –
Police Judge’s Office 10,959 –
City Attorney 5,600 –
Custodial 4,412 –
Regional Development Authority 540 –
Building Inspection 51,095 –
Planning & Zoning 51,095 –
City Hall 1,324,759 2,000
Police Department 937,354 –
Fire Department 38,575 –
Ambulance Authority 74,000 –
Dams & Dredging 750 –
Communication Center/Central Dispatch 257,942 –
Flood Control/ Soil Conservation 137,795
Local Law Enforcement Block Grant 10,000
Streets and Highways 601,660
Street Lights 20,000
Signs and Signals 3,300
Snow Removal 26,859
Central Garage 20,000
Street Cleaning 4,000
Public Transit 184,840
Landfill/Incinerator Department 5,100
Storm Sewer 3,000
Parks & Recreation 197,510
Community Center 16,615
Playgrounds 4,600
Library 22,400
Beautification Programs 200,000 82,442
Capital Projects – General Government 3,531,558
TOTAL ESTIMATED EXPENDITURES $7,906,695 $84,442
MUNICIPALITY Of BENWOOD, WEST VIRGINIA
REGULAR CURRENT EXPENSE LEVY
FISCAL YEAR JULY 1, 2026 – JUNE 30, 2027
Certificate of Valuation Levy Taxes
Assessed Value Rate/$100 Levied for Tax Purposes
CLASS I
Personal Property $0 12.50 $0
Public Utility 0 0
Total Class I $0 $0
CLASS II
Real Estate $7,834,950 25.00 $19,587
Personal Property 0 0
Total Class II $7,834,950 $19,587
CLASS IV
Real Estate $22,771,930 50.00 $113,860
Personal Property 76,879,554 384,398
Public Utility 4,654,583 23,273
Total Class IV $104,306,067 $521,531
Total Value & Projected Revenue $112,141,017 $541,118
Less Delinquencies, Exonerations,
& Uncollectable Taxes 5.00% 27,056
Less Tax Discounts (Use Total
Projected Revenue to calculate) 1.00% 5,141
Less Allowance for Tax Increment
Financing (if Applicable) 17,645
Total Projected Property Tax Collection $491,276
Less Assessor Valuation Fund 1.85% 9,089
(Subtracted from regular current
expense taxes levied only)
Net Amount to be Raised by
Levy of Property Taxes $482,187
MUNICIPALITY OF BENWOOD, WEST VIRGINIA
Excess Levy / Levies
FISCAL YEAR JULY 1, 2026 – JUNE 30, 2027
Certificate of Valuation Levy Taxes
Assessed Value Rate/$100 Levied
for Tax Purposes
CLASS I
Personal Property $0 4.54 $0
Public Utility 0 0
Total Class I $0 $0
CLASS II
Real Estate $7,834,950 9.08 $7,114
Personal Property 0
Total Class II $7,834,950 $7,114
CLASS IV
Real Estate $22,771,930 18.16 $41,354
Personal Property 76,879,554 139,613
Public Utility 4,654,583 8,453
Total Class IV $104,306,067 $189,420
Total Value & Projected Revenue $112,141,017 $196,534
Less Delinquencies, Exonerations,
& Uncollectable Taxes 5.00% 9,827
Less Tax Discounts 1.00% 1,867
(use Total Projected Revenue to calculate)
Net Amount to be Raised by Levy For Budget Purposes: $184,840
STATE OF WEST VIRGINIA,
COUNTY OF – MARSHALL
MUNICIPALITY OF – BENWOOD.
I, Tiffany Ankrom, 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 20th day of May, 2026.
Tiffany Ankrom
City Clerk/Treasurer
INTEL – May 27 & June 3, 2026