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Preliminary FY27 budget preview: slower residential growth, data center revenue and staffing requests highlighted
Summary
Budget staff previewed the FY27 outlook, noting slower residential property growth, strong data-center-related commercial revenue in 2025, reserve uses in FY25–26 and anticipated staffing requests of 15–25 positions (estimated $3–4M). Council asked staff for detail on known additional costs.
Town finance staff presented a fiscal‑year 2027 budget preview to the Leesburg Town Council on Oct. 6 that outlined recent revenue results, reserve uses, economic indicators and anticipated staffing requests for the coming budget cycle.
Tamara Kiesecker, the town’s management and budget officer, summarized FY25 and FY26 budget actions and current forecasts. She said the FY25 adopted budget used a combination of reserves (including about $4.2 million of a debt service reserve and $300,000 of a revenue stabilization reserve) and that preliminary unaudited results suggest the town will need fewer reserves than previously budgeted. Kiesecker noted a $3.4 million data‑center equipment tax receipt in FY25; the council previously used $120,000 of that revenue to restore stormwater funding and placed the balance in a reserve for future council…
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