FISCAL YEAR JULY 1, 2024 – JUNE 30, 2025
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF GARY, 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 4,000
Property Taxes – Current Expense 54,429
Gas & Oil Severance Tax 4,000
Excise Tax on Utilities 25,000
Business and Occupation Tax 285,000
Wine & Liquor Tax 225
Hotel Occupancy Tax 2,000
Fines, Fees & Court Costs 2,500
IRP Fees (Interstate Registration Plan) 25,000
Collection of Delinquent Accounts 3,000
Rents, Royalties, and Concessions 8,000
Refuse Collection 100,000
Fire Protection Fees 9,000
Planning Commission Revenue 335,000
Gaming Income 13,000
Interest Earned on Investments 500
Accident Reports 100
Video Lottery (LVL) 1,300
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 872,054
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 4,000
Coal Severancy Tax 4,000
Interest Earned on Investment 500
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 8,500
General Coal Severance
Fund Fund
ESTIMATED CURRECT EXPENDITURES
Mayor’s Office 9,600 –
City Council 8,500 –
Recorder’s Office 10,200 –
Treasurer’s Office 32,000 –
City Clerk’s Office 20,000 –
Police Judge’s Office 2,500 –
City Attorney 6,000 –
City Auditor 6,000 –
Custodial 3,600 –
Regional Development Authority 1,200 –
City Hall 46,954 8,500
Electrical Services 142,000 –
Public Works Department 142,000 –
Police Department 37,000 –
Fire Department 9,000 –
Fire Hydrants 7,500 –
Streets and Highways 6,000 –
Snow Removal 3,000 –
Central Garage 30,000 –
Garbage Department 90,000 –
Landfill/ Incinerator Department 20,000 –
Water & Sewer 225,000 –
Parks & Recreation 2,000 –
Visitors Bureau 1,500 –
Community Center 5,000 –
Youth Program 3,000 –
Playgrounds 1,000 –
Civic Promotions 500 –
Beautification Programs 1,000 –
TOTAL ESTIMATED EXPENDITURES $ 872,054 $ 8,500
MUNICIPALITY OF GARY, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2024 – JUNE 30, 2025
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 $ 1,473,000 25.00 $ 3,683
Personal Property 12,294 31
Total Class II $ 1,485,294 $ 3,714
CLASS IV
Real Estate $ 4,500,460 50.00 $ 22,502
Personal Property 4,127,502 20,638
Public Utility 2,560,461 12,802
Total Class IV $ 11,188,423 $ 55,942
Total Value & Projected Revenue $ 12,673,717 $ 59,656
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 2,983
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 1,133
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 55,540
Less Assessor Valuation Fund 2.00% 1,111
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 54,429
STATE OF WEST VIRGINIA
COUNTY OF MCDOWELL
MUNICIPALITY OF GARY
I, Lawrence A. Barber, III, 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 16th day of March, 2024.
Lawrence A. Barber, III
(Signature)
City Recorder
(Official Title of Recording Officer)
ID: 789684