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Fayette County Board previews FY2027 levy rates after $89M valuation increase; vote set for April 21
Summary
Finance staff told the Fayette County Board the district’s assessed property values rose roughly $89 million (including about $52 million in public utilities), producing a proposed FY2027 levy revenue estimate of $23,444,791; the board will submit rates to the state auditor and vote April 21.
Paula Fidley, the staff member who prepared the district’s levy schedule, told the Fayette County Board at a special meeting that assessed property values in the county rose by about $89 million, driven largely by roughly $52 million in class‑3 public utilities. The increase affects the district’s projected property tax yield for fiscal year 2027.
“I've prepared them in accordance with guidance from the West Virginia State Auditor's Office,” Fidley said, and presented projected net collections of 10,595,737 from the current expense levy and a school excess amount listed in the transcript as 12,849,54, which she reported summed to a total of 23,444,791 for FY2027. She described the total as about $1.1 million higher than the prior proposed rates.
Fidley told the board the schedule will be submitted to the state auditor for technical review; once the auditor signs off the board plans to reconvene and vote on the final levy rates on April 21. Board members asked follow-up questions about collection performance and uncollectible amounts; Fidley said collections are running at roughly 76% of projections at the end of the third quarter, comparable to the prior year’s pace.
No final rate was adopted at the March 17 meeting. The board voted at the special session to recess the levy discussion until the state auditor completes its review and the board can take formal action next month.
