PUBLIC HEARING NOTICE – BUDGET PROPOSAL 2025 –2026
MONDAY, MAY 19, 2025 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, 2025- June 30, 2026. The hearing to receive public comments is scheduled for Monday, May 19, 2025 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 (540) 864-5380 by email ninad628@swva.net.
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 & Mobile Homes $0.04, Merchants Capital $0.50,
No change in tax levies from previous budget year.
(GENERAL TOWN REVENUE ESTIMATES:
BEGINNING BALANCE (FROM CURRENT BUDGET) $ 81,260.00
LOCAL REVENUE (Property Tax, Franchise Tax, Sales & Cigarette Tax, Interest) $ 121,140.00
STATE REVENUE (Fire Grant Funds; Communication Tax-Cable TV) $ 16,620.00
TOTAL REVENUE ESTIMATES $ 219,020.00
GENERAL TOWN EXPENDITURE ESTIMATES:
GENERAL GOVERNMENT LEGISLATIVE COMPENSATION & INSURANCE $ 16,800.00
GENERAL FINANCIAL $ 19,600.00
CLERK-TREASURER & ADMINISTRATIVE $ 14.700.00
(Compensation, Advertising, & Office Expense)
PUBLIC SAFETY – (Volunteer Fire Dept., EMS) $ 42,000.00
PUBLIC WORKS – (Operating Expenses, Street Lights, Mowing, Library Support, $ 55,920.00
Refuse Collection, Park & Sidewalk Maintenance, etc.)
CAPITAL IMPROVEMENTS – Park Equip., Sidewalks, P.S.A. $ 50,000.00
CONTINGENCY FUND – Unallocated expenditures $ 20,000.00
TOTAL EXPENDITURE ESTIMATES $219.020.00
By the authority of New Castle Town Council – Lenny Macdonald, Mayor
Comments can be sent to Clerk, Nina Davis ninad628@swva.net; phone (540) 864-5380 or by mail to:
Town of New Castle, P. O. Box 347, New Castle, VA 24127.
