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Marshall County finds itself $2.25 million in black

MOUNDSVILLE, W.Va. — Tax cuts, a youth recreation center and courthouse maintenance projects are some of the options being discussed for a large cash carryover in Marshall County.

According to Marshall County Administrator Betsy Frohnapfel, there is a cash balance of about $4 million in the general fund, about $2.25 million of which carried over after fiscal 2014 ended June 30.

This does not count the $427,153 worth of coal reallocation funds the county continues waiting for West Virginia State Tax Office to send, an amount Commission Don Mason said was supposed to be in the county’s bank account last month. The coal reallocation money is in addition to the coal severance funding the county regularly receives.

This week, commissioners Bob Miller, Brian Schambach and Don Mason voted to use about $1 million of the $2.25 million carryover to help build the new public safety center along Seventh Street, while placing $534,500 into the county’s stabilization fund. Frohnapfel said the county keeps money in case there is some sort of calamity.

However, commissioners hope there is enough money left to support new projects – or even return some of the funds to county residents.

“I honestly did not expect that and have no idea where it is all going to go,” Miller said. “I would love to see if there is anyway we can get some of the money back to the taxpayers…

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