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Leesburg staff outline options for $3.4M data‑center equipment tax: reserves, paving, debt payoff among choices
Summary
Town staff advised council that the FY25 $3.4 million data‑center computer equipment tax is volatile and recommended a diversified, largely non‑recurring use—revenue stabilization reserves, targeted paving, and debt reduction—while warning against using it for recurring programs without bolstered reserves.
Town finance staff presented the council with options for the unplanned $3.4 million in FY25 data‑center computer equipment tax revenue and recommended a cautious, diversified approach that prioritizes one‑time or scalable uses and reserves to guard against future volatility.
“We focus on the 6‑year CIP period,” a staff presenter said, explaining the town's long‑term sustainability analysis that assumes an average $4,000,000 per year in data‑center computer equipment tax revenue for planning purposes. Staff emphasized that the FY25 payment is preliminary, that recurring expenditures already exceed recurring revenues, and that using a volatile revenue source for ongoing expenditures increases fiscal risk.
Staff recommended several possible allocations for the FY25 amount: establishing a…
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