Marshall Levy Rate Lowered
MOUNDSVILLE – The Marshall County Board of Education officially lowered the district’s excess levy rate from 98 to 94 percent Tuesday after receiving approval from the West Virginia State Auditor’s Office.
Board President Roger Lewicki and members Lori Kestner, Beth Phillips, Tom Gilbert and John Miller voted unanimously to approve the rate at the reconvened meeting from March 25 in the board offices.
The board decided to lower the rate after learning from the Marshall County Assessor’s Office the county’s property values increased by $170 million this year. At a 94-percent rate, the school district will take in $22,016,588 for the 2015 fiscal year, a $300,000 increase from this year.
The board’s operating budget for fiscal year 2014 is $55.8 million, which includes about $21.7 million from county taxpayers through the excess levy.
With an additional $300,000, next year’s budget will increase to $56.1 million.
Superintendent Michael Hince said levy funds will be used to partially fund the upcoming renovations at John Marshall High School and Glen Dale Elementary School and could possibly be used to pay off a bond debt for the construction of Cameron High School.