FISCAL NOTE

Date Requested: January 12, 2022
Time Requested: 04:45 PM
Agency: Municipal League, WV
CBD Number: Version: Bill Number: Resolution Number:
1026 Introduced SB132
CBD Subject: Taxation


FUND(S):

Municipal Business and Occupation (Home Rule Munis)

Sources of Revenue:

General Fund

Legislation creates:

Decreases Existing Revenue



Fiscal Note Summary


Effect this measure will have on costs and revenues of state government.


Budgeted B&O Revenue City Population FY22 % of Total General Fund Budget Alderson 975 $57,000 13% Anstead 1,303 $200,000 39% Barboursville 4,456 $2,900,000 37% Beckley 17,286 $10,000,000 39% Bluefield 9,658 $2,500,000 17% Bridgeport 9,336 $6,750,000 37% Buckhannon 5,186 $1,345,000 25% Chapmanville 1,020 $358,822 33% Charles Town 6,534 $750,000 13% Charleston 48,864 $42,500,000 43% Chester 2,208 $290,000 25% Clarksburg 16,061 $7,601,000 37% Dunbar 7,480 $1,785,300 26% Elkins 6,934 $1,267,000 20% Fairmont 18,416 $4,565,000 24% Follansbee 2,848 $1,150,000 28% Grafton 4,722 $900,000 26% Harpers Ferry 269 $128,000 6% Huntington 46,842 $11,500,000 17% Hurricane 6,961 $1,850,000 29% Logan 1,439 $1,089,747 30% Man 722 $228,443 43% Martinsburg 18,777 $7,800,000 40% Milton 2,811 $440,000 12% Montgomery 1,275 $470,000 30% Morgantown 30,347 $13,950,000 36% Moundsville 8,093 $2,400,000 16% New Cumberland 1,020 $92,000 12% New Martinsville 5,204 $1,314,600 22% Nitro 6,624 $2,186,602 23% Nutter Fort 1,493 $410,000 28% Oak Hill 8,179 $2,000,000 39% Parkersburg 29,738 $7,400,000 25% Ranson 5,433 $1,737,992 29% Ravenswood 3,865 $550,000 13% Ripley 3,079 $1,028,000 39% Rivesville 828 $45,000 11% Shepherdstown 1,531 $52,000 2% Shinnston 2,328 $380,000 19% Smithers 754 $16,850 2% Sophia 1,130 $241,500 28% South Charleston 13,647 $12,500,000 41% Spencer 2,063 $625,000 42% St. Albans 10,861 $3,000,000 20% Vienna 10,652 $2,625,000 26% Wardensville 269 $25,000 12% Weirton 19,163 $3,900,000 17% Weston 3,952 $450,000 14% Wheeling 27,052 $12,089,110 33% Total 439,688 $177,443,966 28%



Fiscal Note Detail


Effect of Proposal Fiscal Year
2022
Increase/Decrease
(use"-")
2023
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 0 0 0
Personal Services 0 0 0
Current Expenses 0 0 0
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 0 0
2. Estimated Total Revenues 0 0 0


Explanation of above estimates (including long-range effect):






Memorandum






    Person submitting Fiscal Note: Susan Economou
    Email Address: seconomou@wvml.org