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Idled mining equipment tax change could hurt school, government budgets

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Idled mining equipment tax change could hurt school, government budgets
By Ryan Quinn, The Charleston Gazette-Mail

The director of West Virginia’s Property Tax Division decreased the statewide taxed percentage of the value of temporarily idled coal mining equipment, a change that could drop funding for local government entities like cities, county commissions and public school systems.

But it was unclear last week exactly how large the statewide funding impact will be, or has been.

The idled coal mining issue was publicized in the past two weeks when The Register-Herald cited former Raleigh County Assessor Drema Evans as saying the Raleigh public school system faced an estimated loss of about $855,000 due to the change.

Evans, who left her role as assessor last week, told the Gazette-Mail Friday that her office’s preliminary estimations are that the tax bills that will be sent out in July will bring in about $1 million less in revenue countywide than they would have had the tax percentage on the temporarily idled coal mining equipment not changed.

Those July bills will fund Raleigh local governments, like the school system, next fiscal year, which starts July 1.

Read more at:
http://www.wvgazettemail.com/news-education/20170102/idled-coal-mining-equipment-tax-change-could-hurt-government-budgets