TOWN OF NEW CASTLE PUBLIC HEARING NOTICE – BUDGET PROPOSAL 2020 –2021

MONDAY, MAY 18, 2020 AT 7:00 PM

Pursuant to Section 15.2-2506 of the Code of Virginia, as amended, notice is
hereby given of the public hearing to be held by New Castle Town Council on the
proposed budget for Fiscal Year July 1, 2020 – June 30, 2021. The hearing to receive
public comments is scheduled for Monday, May 18, 2020 at 7:00 PM or as soon
thereafter as possible in the NEW CASTLE TOWN HALL – 339 Market Street. A
copy of the proposed budget can be obtained for public review by contacting: Town
Clerk, Nina Davis, at (540) 864-5380.
Pursuant to Virginia Code Section 58.1-3005, 58.1-3000, 58.1-3506B, and
58.1-3008 the proposed tax levies per $100 of assessed value are Real Estate & Mo-
bile Homes $0.04, Merchants Capital $0.50, No change in tax levies from previous
budget year.
(This budget reflects a 18.9% decrease from the 2019-2020 budget year .)
TOWN OF NEW CASTLE
PUBLIC HEARING NOTICE – BUDGET PROPOSAL 2020 –202
MONDAY, MAY 18, 2020 AT 7:00 PM
Pursuant to Section 15.2-2506 of the Code of Virginia, as amended, notice is hereby given of th
public hearing to be held by New Castle Town Council on the proposed budget for Fiscal Year
July 1, 2020 – June 30, 2021. The hearing to receive public comments is scheduled for Monday, May 18
at 7:00 PM or as soon thereafter as possible in the NEW CASTLE TOWN HALL – 339 Market Street.
A copy of the proposed budget can be obtained for public review by contacting:
Town Clerk, Nina Davis, at (540) 864-5380.
Pursuant to Virginia Code Section 58.1-3005, 58.1-3000, 58.1-3506B, and 58.1-3008 the propo
levies per $100 of assessed value are Real Estate & Mobile Homes $0.04, Merchants Capital $0.50,
No change in tax levies from previous budget year.
(This budget reflects a 18.9% decrease from the 2019-2020 budget year.)
GENERAL TOWN REVENUE ESTIMATES:
BEGINNING BALANCE (FROM CURRENT BUDGET) $ 30,500.00
WITHDRAWAL FROM RESERVE FUNDS $103,490.00
LOCAL REVENUE (Property Tax, Franchise Tax, Sales Tax, Interest, Permit Fees) $ 85,500.00
STATE REVENUE (Fire Grant Funds; Communication Tax-Cable TV) $ 11,520.00
TOTAL REVENUE ESTIMATES $231,010.00
GENERAL TOWN EXPENDITURE ESTIMATES:
GENERAL GOVERNMENT LEGISLATIVE COMPENSATION & INSURANCE $ 12,000.00
GENERAL FINANCIAL $ 13,250.00
CLERK-TREASURER & ADMINISTRATIVE $ 12,100.00
(Compensation, Advertising, & Office Expense)
PUBLIC SAFETY – (Volunteer Fire Dept.) $ 11,000.00
PUBLIC WORKS – (Operating Expenses, Street Lights, Mowing, Library Support, $ 52,660.00
Refuse Collection, Park & Sidewalk Maintenance, etc.)
CAPITAL IMPROVEMENTS – Park Equipment, Sidewalks $110,000.00
CONTINGENCY FUND – Unallocated expenditures $ 20,000.00
TOTAL EXPENDITURE ESTIMATES $231,010.00
By the authority of New Castle Town Council – John S. Johnson, Mayor (540) 864-7306
Due to Governor Northam’s directive and limitations imposed to combat the spread of COVID-19, restri
the number permitted to gather in certain public places to 10 persons or less, Council encourages you to s
your comments via email to Clerk, Nina Davis ninad628@swva.net; phone (540) 864-5380 or by mail to
P. O. Box 347, New Castle, VA 24127.
Due to Governor Northam’s directive and limitations imposed to combat the spread
of COVID-19, restricting the number permitted to gather in certain public places to
10 persons or less, Council encourages you to submit your comments via email to
Clerk, Nina Davis ninad628@swva.net; phone (540) 864-5380 or by mail to:
P. O. Box 347, New Castle, VA 24127.

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