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## Parkersburg City Council Allocating Additional Tax Revenue

**Parkersburg City Council’s Finance Committee to Allocate Additional Tax Revenue for City Park and Discovery World Development**

Parkersburg City Council’s Finance Committee convened on Tuesday and decisively forwarded a resolution to the full council allocating additional tax revenue for the planned activity and recreation facility at City Park, as well as the next phase of development at Discovery World on Market, among other areas. This resolution, amounting to a substantial $2.4 million, is set to appear on the agenda for council’s Feb. 13 meeting.

The breakdown of the revised revenue estimate reveals that the largest portion amounts to $1,358,647 in business and occupation tax revenue, effectively pushing the projected total to more than $9.2 million. Eric Jiles, the Finance Director, attributed this increase to an upsurge in contracting revenue and inflation. Subsequently, he referred to this adjustment as an endeavor to “right-size our B&O budget to today’s economy,” stressing that it will be taken into consideration during the development of the 2024-25 budget.

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## City Park and Discovery World Development
The resolution, if approved by the full council, will allocate $650,000 to a fund for parks and recreation capital projects, specifically for the activity and recreation center at City Park. This additional funding brings the total set aside for the estimated $13 million facility to $4,695,496. Furthermore, the committee held a closed executive session to discuss the potential acquisition of property, which included $165,000 in the stormwater budget line item. No decision was made, and the location of the property was not disclosed.

Moreover, other allocations in the revision include $150,000 for additional storm sewer lining, $200,000 to bolster the unallocated balance in the sanitation fund, $150,000 for lighting along the recently completed Parkersburg Ohio River Trail, $150,000 to the demolition fund, and $125,000 to the Engineering Department for emergency demolition costs. Additionally, $75,000 is earmarked as a contribution to the second phase of development at the Discovery World on Market nonprofit children’s museum.

Mayor Tom Joyce emphasized the significance of the facility, which has garnered significant interest and engagement, and he expressed his commitment to supporting its endeavors. Furthermore, a revision in the Police Department budget is set to reallocate $225,000 from the patrolman salary line item to the overtime line, reflecting adjustments due to vacant positions.

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The AI legalese decoder can assist in decoding legal and financial terminology, making the budget allocations and their implications more comprehensible to a wider audience, including city residents and stakeholders. This tool can enhance transparency and understanding of the financial decisions made by the council.

This detailed information, coupled with the AI legalese decoder‘s assistance, can ensure that the public is well-informed about the allocation of tax revenue and the impact on city development projects.

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