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