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VMI cadet presents Lexington’s Popular Annual Financial Report; city reports revenue growth and capital work
Summary
A Virginia Military Institute cadet presented the city’s Popular Annual Financial Report for the fiscal year ending June 30, 2024, highlighting revenue increases, capital projects (sewer relining, traffic signal upgrade, water main replacement, Limekill Bridge repairs) and a long‑term debt level well below the city’s debt limit.
Virginia Military Institute cadet Jay Vajayan presented Lexington’s Popular Annual Financial Report (PAFR) for the fiscal year ending June 30, 2024, to the city council on May 1. The presentation summarized revenues, expenditures, capital projects, and long‑term debt for the prior fiscal year.
Key figures and projects cited in the presentation included: • General fund revenue of about $28 million (up from about $27.5 million) and overall city revenue of about $35 million (up from about $34…
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