FISCAL YEAR JULY 1, 2025 – JUNE 30, 2026
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF MONTROSE, WEST VIRGINIA
In accordance with Code Section 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
Unassigned Fund Balance 68,785
Property Taxes – Current Expense 11,471
Tax Loss Restoration 150
Gas & Oil Severance Tax 1,000
Excise Tax on Utilities 2,200
Franchise Fees 1,500
Inspection, Dilapidated Building, & Vacant Property Fees –
IRP Fees (Interstate Registration Plan) 08,000
Gaming Income 10,000
Refunds 100
Video Lottery (LVL) 600
Proceeds from Sale of Bonds –
TOTAL ESTIMATED REVENUE (GENERAL FUND) $103,806
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $2,500
Coal Severance Tax 400
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $2,900
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Recorder’s Office 15,000 –
Custodial 1,650 –
Regional Development Authority 179 –
City Hall 15,000 –
Other Buildings 6,514 2,900
Parking 10,000 –
Contingencies 10,000 –
Fire Department 500 –
Street Lights 2,700 –
Signs and Signals 5,000 –
Snow Removal 600 –
Parks and Recreation 3,000 –
Fair Associations/Festivals 1,500 – –
Youth Program 2,500 –
Playgrounds 16,812
4-H Camp 500 –
Rails to Trails 500 –
Beautification Programs 8,851 –
Cemeteries 1,000 –
Social Services 1,000 –
Human Resources 1,000
TOTAL ESTIMATED EXPENDITURES $103,806 $2,900
MUNICIPALITY OF MONTROSE, 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 $2,472,270 25.00 $6,181
Personal Property 153,556 385
Total Class II $2,626,384 $6,566
CLASS IV
Real Estate $378,160 50.00 $1,891
Personal Property 423,839 2,119
Public Utility 453,493 2,267
Total Class IV $1,255,492 $6,277
Total Value & Projected Revenue $3,881,876 $12,843
Less Delinquencies, Exonerations & Uncollectable Taxes 7.00% 899
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 239
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $11,705
Less Assessor Valuation Fund 2.00% 234
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $11,471
STATE OF WEST VIRGINIA
COUNTY OF Randolph
MUNICIPALITY OF MONTROSE
I, Sharon Bedford, 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 12th day of March, 2025.
Sharon Bedford
Recorder
Elkins Mar 28 & Apr 4