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 16, 2024 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, 2024 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 2024.
David Kirk
Interim City Clerk
FISCAL YEAR JULY 1, 2024 – JUNE 30, 2025
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 1,985,285
Unassigned Fund Balance 1,622,045
Property Taxes – Current Expense 2,740,832
Prior Year Taxes 276,000
Gas & Oil Severance Tax 100,000
Excise Tax on Utilities 1,183,000
Business and Occupation Tax 5,010,000
Wine & Liquor Tax 170,000
Animal Control Tax 3,000
Hotel Occupancy Tax 17,000
Sales Tax 3,204,000
Fines, Fees & Court Costs 100,000
Licenses 95,000
Building Permit Fees 500,000
Miscellaneous Permits 16,900
Franchise Fees 200,000
Inspection Fees 35,000
IRP Fees 115,000
Private Liquor Club Fee 25,000
Rents, Royalties, and Concessions 58,200
Refuse Collection 2,080,000
Police Protection Fees 650,000
Fire Protection Fees 1,105,000
Street Fees 709,000
Contributions from Other Entities 20,000
Payment in Lieu of Taxes 20,000
Gaming Income 11,000
Interest Earned on Investments 70,100
Filing Fees 150
Accident Reports 4,500
Video Lottery 125,000
Miscellaneous Revenues 31,000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 22,282,012
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 10,000
Coal Severance Tax 45,000
Interest Earned on Investment 50
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 55,050
General Coal Severance
Fund Fund
ESTIMATED CURRECT EXPENDITURES
City Council 72,586 –
City Manager’s Office 304,407 –
Finance Office 735,411 –
City Clerk’s Office 126,761 –
Police Judge’s Office 124,150 –
City Attorney 182,895 –
Main Street Program 47,000 –
Engineering 9,525 –
Personnel Office 89,051 –
Purchasing Department 49,024 –
Contributions to Comms/Authorities 2,000 –
Regional Development Authoritiy 12,158 –
Building Inspection 666,649 –
Planning & Zoning 385,220 –
Elections 27,600 –
Data Processing 248,454 –
City Hall 1,306,138 –
Public Works Department 330,630 –
Contingencies 870,832 –
Police Department 4,111,228 –
Investigative Services & Control 791,171 –
Fire Department 5,719,743 –
Dog Warden/Humane Society 58,176 –
Fire Hydrants 109,052 –
Streets and Highways 841,621 –
Street Lights 415,000 –
Signs and Signals 137,866 –
Snow Removal – 55,050
Central Garage 75,261 –
Garbage Department 2,050,000 –
Local Health Department 6,000 –
Parks & Recreation 374,538 –
Visitors Bureau 8,500 –
Arts & Humanities 1,000 –
Library 5,000 –
Social Services 2,080 –
Capital projects – Street and Transportation 1,985,285 –
TOTAL ESTIMATED EXPENDITURES $ 22,282,012 $ 55,050
MUNICIPALITY OF FAIRMONT, WEST VIRGINIA
LEVY PAGE
REGULAR CURRENT EXPENSE LEVY
2024 – 2025
Column E
Certificate of Valuation
Assessed Value Levy Taxes
Current Year 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 $ 408,037,140 25.00 $ 1,020,093
Personal Property 229,296 573
Total Class II $ 408,266,436 $ 1,020,666
CLASS IV
Real Estate $ 209,140,960 50.00 $ 1,045,705
Personal Property 128,833,519 644,168
Public Utility 98,875,957 494,380
Total Class IV $ 436,850,436 $ 2,184,252
Total Value & Projected Revenue $ 845,116,872 $ 3,204,919
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 160,246
Less Tax Discounts 2.00% 60,893
Less Allowance for Tax Increment Financing 187,013
Total Projected Property Tax Collection $ 2,796,767
Less Assessor Valuation Fund 2.00% 55,935
Net Amount to be Raised by Levy of Property Taxes $ 2,740,832
MUNICIPALITY OF FAIRMONT, WEST VIRGINIA
ALLOWANCE FOR TAX INCREMENT FINANCING
REGULAR CURRECT EXPENSE LEVY
2024-2025
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 $ 34,012,020 25.00 $ 85,030
Personal Property 0 0
Total Class II $ 34,012,020 $ 85,030
CLASS IV
Real Estate $ 10,492,270 50.00 $ 52,461
Personal Property 12,676,580 63,383
Public Utility 0 0
Total Class IV $ 23,168,850 $ 115,844
Total Value & Projected Revenue $ 57,180,870 $ 200,874
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 10,044
Less Tax Discounts 2.00% 3,817
Allowance for Tax Increment Financing 187,013
STATE OF WEST VIRGINIA
COUNTY OF Marion
MUNICIPALITY OF FAIRMONT
I, David Kirk 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, 2024.
David Kirk
Interim City Clerk
ID: 786090