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Raleigh County BOE Will Lose Millions

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BECKLEY– The Raleigh County Board of Education will lose an estimated $2 million in county property taxes this year.
According to the Beckley Register Herald, this is mainly due to a new state tax department rule that lowers the rate of assessed property value on idle mining equipment to a “salvage value” of 30 percent.

Raleigh Schools Treasurer Darrin Butcher said the cuts are “significant” and will take a toll on the board budget.

BOE officials had projected last year a budget of $41.5 million for 2016 from regular and excess levy collections. this year, the office is projecting a collection of $37.6 million – a cut of about $3.9 million.

Medicaid revenues to schools has also been reduced and a reduction in state aid to public schools is expected.

Board officials predict that collections for the excess levy will not meet the levy call by about $1.6 million, which means the BOE will have to fund the deficit.

The trend is expected to continue into fiscal year 2018.



Tyler Barker

Tyler Barker is currently the Interim News Director and Digital Content Manager for WOAY-TV. I was promoted to this job in Mid-November. I still will fill in on weather from time to time. Follow me on Facebook and Twitter @wxtylerb. Have any news tips or weather questions? Email me at tbarker@woay.com


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