"We only recovered the losses we incurred," he said.
Jones said the latest spike shows the city not only has clawed back to its pre-recession levels but also is poised for future growth.
He said the city was fortunate to see that growth, given recent job losses and mine shutdowns in the coal industry in surrounding counties.
"I think the economy's gotten better in the city," Jones said. "However, in other parts of West Virginia, especially in southern West Virginia, things are bleak."
Jones said Charleston has its own economic compass that helps to insulate it from some of the factors that have negatively affected the state's energy industry.
"We have a good nucleus here of retail businesses, banks, hospitals, state government, and we have a huge legal community," he said.
While nonprofit hospitals and state government offices don't pay B&O taxes, Jones said the city's economy benefits by the number of workers who come into town each day.
"Our population swells up in the daytime about 150 percent - I think it's just better in Charleston," he said.
But Jones said he didn't want to get overly optimistic. He said the city still has a lot of future needs to cover, including unfunded liabilities in pension programs.
Because of those liabilities, city leaders decided Monday to apply about $400,000 in surplus B&O revenue from last quarter to those pension accounts.
Jones said it was a prudent move since too much pension debt can be a "catalyst for failure" for a city.
"If this city's going to have a future at all, we need to deal with the pension issue as we can, as soon as we can, and get ahead of it," he said.
The B&O transfer also put Charleston ahead of other cities, including Huntington, that are still grappling with how to reasonably manage their pension liabilities.
"I don't know of another city that's done what we're doing, trying to pay this off in advance," Jones said. "Usually people are catching up and basically kicking the can."
Contact writer Jared Hunt at jared.h...@dailymail.com or 304-348-5148.