NOTICE OF PUBLIC HEARING ON PROPOSED LEVY RATES
TO: CITIZENS OF THE CITY OF FAIRMONT:
Please take notice that the undersigned will reconvene a meeting of the Council of the City of Fairmont on Tuesday, April 15, 2025 at 4:30 p.m., in the Council Chambers at the Public Safety Building, 500 Quincy Street, Fairmont, WV, for the following purpose:
ADOPTION, A RESOLUTION APPROVING RATES OF LEVY LAID BY THE CITY OF FAIRMONT, MARION COUNTY, AND APPROVED BY THE STATE TAX COMMISSIONER FOR MUNICIPAL PURPOSES, FOR THE FISCAL YEAR BEGINNING JULY 1, 2025 IN ACCORDANCE WITH CHAPTER 11, ARTICLE 8 OF THE WEST VIRGINIA CODE, AS AMENDED.
Copies of the proposed Resolution are available in the office of the City Clerk, Room 312, 200 Jackson Street, Fairmont, West Virginia.
Any interested person may appear at the public hearing and be heard as to whether or not said Resolution should be enacted.
All objections and suggestions shall be heard and Council shall take such action as it deems necessary in the premises.
Given under my hand this 12th day of March 2025.
Janet L. Keller
City Clerk
FISCAL YEAR JULY 1, 2025 – JUNE 30, 2026
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF FAIRMONT, WEST VIRGINIA
In accordance with Code § 11-8-14, as amended, the Council proceeded to make an estimate of the amounts necessary to be raised by levy of taxes for the current fiscal year, and does determine and estimate the several amounts to be as follows:
The amount due and the amount that will become due and collectible from every source during the fiscal year INCLUDING THE LEVY OF TAXES, is as follows:
REVENUE SOURCE
Assigned Fund Balance (General Fund only) 1,013,136
Unassigned Fund Balance 2,401,507
Property Taxes – Current Expense 2,822,972
Gas & Oil Severance Tax 60,000
Excise Tax on Utilities 1,234,800
Business and Occupation Tax 5,610,000
Wine & Liquor Tax 170,000
Animal Control Tax 3,600
Hotel Occupancy Tax 20,000
Sales Tax 3,280,000
Fines, Fees & Court Costs 127,000
Licenses 95,000
Building Permit Fees 500,000
Miscellaneous Permits 17,325
Franchise Fees 175,000
Inspection, Dilapidated Building, & Vacant Property Fees 41,000
IRP Fees (Interstate Registration Plan) 150,000
Private Liquor Club Fee 16,000
Rents, Royalties, and Concessions 58,200
Refuse Collection 2,080,000
Police Protection Fees 635,200
Fire Protection Fees 1,109,000
Street Fees 635,200
Contributions from Other Entities 120,000
Payment in Lieu of Taxes 27,000
Gaming Income 11,000
Interest Earned on Investments 70,200
Accident Reports 5,000
Video Lottery (LVL) 125,000
Miscellaneous Revenues 48,200
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 22,661,340
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance (Coal Fund Only) $ 10,000
Coal Severance Tax 60,000
Interest Earned on Investment 100
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 70,100
General Coal Severance
Fund Fund
ESTIMATED CURRECT EXPENDITURES
Economic Development $ 35,000 $ –
City Council 73,980 –
City Manager’s Office 275,037 –
Finance Office 743,076 –
City Clerk’s Office 133,704 –
Police Judge’s Office 131,861 –
City Attorney 121,500 –
Main Street Program 60,000 –
Engineering 12,161 –
Personnel Office 86,857 –
Purchasing Department 54,721 –
Regional Development Authority 12,158 –
Building Inspection 719,478 –
Planning & Zoning 406,210 –
Data Processing 264,525 –
City Hall 1,128,355 –
Public Works Department 283,206 –
Contingencies 562,372 –
Police Department 4,190,356 –
Investigative Services & Control 797,655 –
Fire Department 6,643,634 –
Dog Warden/Humane Society 60,000 –
Fire Hydrants 109,052 –
Streets and Highways 912,057 –
Street Lights 435,000 –
Signs and Signals 163,990 –
Snow Removal – 70,100
Central Garage 86,950 –
Garbage Department 2,050,000 –
Local Health Department 6,000 –
Parks & Recreation 426,051 –
Visitors Bureau 10,000 –
Arts & Humanities 11,000 –
Library 5,000 –
Social Services 2,058 –
Capital Projects – Street and Transportation 1,648,336 –
TOTAL ESTIMATED EXPENDITURES $ 22,661,340 $ 70,100
MUNICIPALITY OF FAIRMONT, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2025 – JUNE 30, 2026
Certificate of Valuation
Assessed Value Levy Taxes
for Tax Purposes Rate/$100 Levied
CLASS I
Personal Property $ 0 12.50 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 428,111,400 25.00 $ 1,070,279
Personal Property 210,002 525
Total Class II $ 428,321,402 $ 1,070,804
CLASS IV
Real Estate $ 208,640,780 50.00 $ 1,043,204
Personal Property 125,819,510 629,098
Public Utility 113,222,514 566,113
Total Class IV $ 447,682,804 $ 2,238,415
Total Value & Projected Revenue $ 876,004,206 $ 3,309,219
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 165,461
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 62,875
Less Allowance for Tax Increment Financing (if Applicable) 214,922
Total Projected Property Tax Collection $ 2,865,961
Less Assessor Valuation Fund 2.00% 42,989
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 2,822,972
MUNICIPALITY OF FAIRMONT, WEST VIRGINIA
ALLOWANCE FOR TAX INCREMENT FINANCING
REGULAR CURRENT EXPENSE LEVY
2025-2026
Column C
Roll Back Levy Taxes
Current Year Value Form Rate/$100 Levied
CLASS I
Personal Property $ 0 12.50 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 38,321,260 25.00 $ 95,803
Personal Property 0 0
Total Class II $ 38,321,260 $ 95,803
CLASS IV
Real Estate $ 10,987,480 50.00 $ 54,937
Personal Property 16,022,204 80,111
Public Utility 0 0
Total Class IV $ 27,009,684 $ 135,048
Total Value & Projected Revenue $ 65,330,944 (Gross) $ 230,851
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 11,543
Less Tax Discounts 2.00% 4,386
Allowance for Tax Increment Financing 214,922
STATE OF WEST VIRGINIA
COUNTY OF Marion
MUNICIPALITY OF FAIRMONT
I, Janet Keller, Recording Officer of said municipality, do hereby certify that the foregoing are true copies from the record of the orders made and entered by the council of the said municipality on the 11th day of March, 2025.
Janet L. Keller
City Clerk
ID: 860907