The Times West Virginian

Local News

June 19, 2014

Estimate: Less coal severance tax next year

Tennant believes county will get ‘roughly the same amount’

FAIRMONT — In the 2014-15 fiscal year, the Marion County Commission is estimating that the county will receive less coal severance tax than in the previous year.

According to the Marion County Commission’s final budget revision that was passed June 11, revenue generated from the coal severance tax is estimated at $1,275,877 for the 2014-15 fiscal year. In the 2013-14 fiscal year, $2.8 million was generated from the coal severance tax.

Commission President Butch Tennant said the number on the budget is just an estimation. He said Marion County has two operating coal mines, and he believes they are doing well.

“Loveridge has just hired, and I know Robinson Run is hiring,” Tennant said.

Tennant said he’s hoping by the end of the 2014-15 fiscal year, the numbers will be the same as they were this year.

“I would say by the end of the year we’ll have roughly the same amount,” he said.

The estimate for the 2014-15 fiscal year is lower than the grand total for this year, but Tennant said that’s due to Consol idling operations. Tennant said now the company’s operations are running seven days a week.

According to the budget, $121,700 is estimated to be generated by the gas and oil severance tax in the 2014-15 fiscal year. A total of around $111,000 was generated this fiscal year.

Tennant said he expects more than that $121,700 to be generated by the gas and oil severance tax. He said the commission didn’t realize it would be this quick of a turnaround for the oil and gas industry.

“I bet it will be at least triple that,” he said. “They’re starting to produce here in Marion County. We thought that it would be late 2015 before they really started producing, but some of them have already started producing.”

Tennant said the way the commission budgeted its money was to make sure the county would be in the black at the end of the year. That’s what happened this fiscal year, and the county ended the year with money left over even after a $1.2 million renovation to Palatine Park.

Tennant said with the budget in the black, the county has been able to save money and will use it the following year.

Tennant said that by budgeting, the commissioners have been able to help the communities of Marion County as well as the fire departments. He said five or six years ago, the county was giving the fire departments in the county around $3,000 each, and now it gives them around $17,000 each.

The commission also budgeted $12,493,973 for general fund revenues in the 2014-15 fiscal year, just $300,000 less than what was generated this fiscal year.

In the next fiscal year, Tennant said one project that will be in progress is Phase 2 of the Palatine Park renovations.

The next fiscal year begins July 1.

Email Emily Gallagher at egallagher@timeswv.com or follow her on Twitter @EGallagherTWV.

1
Text Only
Local News
  • image.jpg HAPPENING NOW: UMW's Roberts says EPA rules will 'devastate Appalachia'

    During a press conference at the David L. Lawrence Convention Center United Miner Workers of America (UMW) president Cecil Roberts talked about the reason why 5,000 miners and their families are protesting the EPA's Clean Power Plan.

    July 31, 2014 1 Photo

  • Alva Groves Family -ts.jpg After 63 years, remains of Korean War veteran coming home

    After 63 years, the remains of a Korean War veteran are coming home.
    Those remains are of Cpl. Alva Clifford Groves, of Four States, who lost his life during the Korean War. Groves will be brought home to West Virginia on Tuesday, Aug. 5.

    July 31, 2014 2 Photos

  • UMW to protest EPA Clean Power Plan

    Members of the United Mine Workers of America (UMW) will be gathering today in Pittsburgh, Pennsylvania, to protest the U.S. Environmental Protection Agency’s (EPA) proposed Clean Power Plan.
    Mike Caputo, vice president of UMW International District 31, will be one of the many Marion County and North Central West Virginia members participating in the rally and march at the David L. Lawrence Convention Center.

    July 31, 2014

  • Alecto executive to speak at chamber dinner

    The Marion County Chamber of Commerce’s 61st annual dinner is putting a spotlight on the future of Fairmont General Hospital.
    The keynote speaker for this year’s event, scheduled for Wednesday, Aug. 13, is Mike Sarrao, executive vice president of Alecto Healthcare Services, the company that is in the process of purchasing Fairmont General Hospital.

    July 31, 2014

  • Korean War Veterans Memorial gets funds

    The Korean War Veterans Memorial in Marion County is closer to completion thanks to an allocation from the county commission.
    During Wednesday’s meeting, commissioners passed a motion to allocate $5,000 to the memorial. The money came from the county’s coal severance tax fund.

    July 31, 2014

  • Fairmont man faces heroin charges

    A Fairmont man has been arrested on heroin charges.
    Tyrell Anthony Smith, 24, of Fairmont, was arrested Tuesday by the Marion County Sheriff’s Department and has been charged with possession with intent to deliver heroin.

    July 31, 2014

  • Alecto executive to speak at chamber dinner

    The Marion County Chamber of Commerce’s 61st annual dinner is putting a spotlight on the future of Fairmont General Hospital.

    July 30, 2014

  • Alva Groves.JPG Remains of Korean War veteran coming home

    After 63 years, the remains of a Korean War veteran are coming home.
    Those remains are of Cpl. Alva Clifford Groves, of Four States, who lost his life during the Korean War. Groves will be brought home to West Virginia on Tuesday, Aug. 5.

    July 30, 2014 1 Photo

  • $5,000 allocated to Korean War Veterans Memorial

    The Korean War Veterans Memorial in Marion County is closer to completion thanks to an allocation from the county commission.

    July 30, 2014

  • Fairmont man arrested on heroin charges

    A Fairmont man has been arrested on heroin charges.

    July 30, 2014

Featured Ads
TWV Video Highlights
NDN Editor's Picks
House Ads