Thursday, January 28, 2010

Budget assignment, part 1 & 2

Professor Morris assigned my class a worksheet for understanding a city budget, specifically the city of Huntington. What we found was the city of Huntington gets the most revenue from the Business and Occupational tax, which was $17,395,121 for 2010. The next highest was the municipal service fees, at $5,900,000 for 2010.

The highest expense was on police, at $11,580,414, for 2010. The second highest expense was the fire department at $10,411,811 after an adustment, for 2010.


The most recent story about Huntington's budget referenced the budget freeze Gov. Joe Manchin put in place for West Virginia. Mayor Kim Wolfe said he is hoping the freeze will help balance the budget and that there are some things it won't effect, such as job hirings. Jim Insco, Huntington City Councilman, said it will affect the user fee and the Business and Occupational tax.

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