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Wheeling Finances on Solid Ground, Despite Revenue Dip | News, Sports, Jobs


File Photo by Eric Ayres
WHEELING Passing three quarters through the current fiscal year, the city of Wheeling remains on solid ground with its finances, despite a COVID-related shortfall in revenues that is approaching a half-million dollars.
Members of the Finance Committee of Wheeling City Council recently reviewed the city’s March financial report, which marked the completion of the third quarter of the current fiscal year that started in the midst of the pandemic in July 2020. Wheeling City Manager Robert Herron said revenues for last month alone were noticeably down compared to last year.
“Revenues for the month of March were $2,632,000,” Herron said, noting that city revenues for March of 2020 came in at around $2,764,000. “So it’s about $140,000 less than last year at the same time.” ....

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CARES Act Funds Help Wheeling Finances Remain Stable Amid Pandemic | News, Sports, Jobs


Staff Writer
WHEELING Despite significant losses in revenues halfway through the fiscal year, the city of Wheeling has remained in good shape financially, thanks in large part to federal CARES Act funds.
Even without the federal CARES (Coronavirus Aid, Relief and Economic Security) Act reimbursements allocated monthly by the state of West Virginia, the city of Wheeling’s finances are still relatively solid. While expected revenue losses from pandemic-related economic impacts have sent many line items into the red, the losses are balancing out with increases in other areas thanks to surging tax revenues from construction projects, as well as increases in sales tax and property tax revenues. ....

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