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Pittsylvania County finance committee reviews revenue projections and options to finance $11.5 million in capital projects
Summary
County finance staff presented updated 2025 year-end and 2026 revenue projections, discussed a $11.5 million package of capital projects that will require financing, and outlined two financing options and a Virginia Resources Authority application deadline.
Pittsylvania County finance staff told the County Finance Committee on a March meeting that projected 2025 revenues are higher than budgeted and that the county will need to seek financing for several capital projects that together total about $11.5 million.
Kim VandeHeide, presenting revenue and financing figures to the committee at 39 Bank Street in Chatham, said projected 2025 general revenues total $34,619,922 compared with the adopted 2025 budget of $33,763,469, leaving roughly $856,453 in additional revenues. VandeHeide also highlighted stronger-than-expected delinquent tax collections and higher interest earnings as contributors to the positive variance: “Delinquent collections ... has been amazing,” she said.
The presentation included the county’s proposed 2026 revenue figures, with real estate and personal-property projections largely driven by modest assessed-value growth and an estimated contribution from the Mountain Valley Pipeline (MVP). VandeHeide said the…
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