Leesburg reports FY25 revenue gain; Compass Creek and data-center taxes skew results as council reviews CIP projects and assistance program

At a Leesburg Town Council work session, town finance staff reported that the town recognized $84,400,000 in general fund revenue for fiscal 2025, an increase of $7.8 million, or 8 percent, from the prior year. Staff told council that the total includes $3.4 million in data‑center computer equipment tax revenue and that the figures presented are preliminary and unaudited.

The revenue increase outpaced spending: the town recorded $82,600,000 in general fund expenditures through the fourth quarter, a 5.2 percent increase from the previous year. “The numbers that are presented in your packet and in the presentation are preliminary and unaudited,” Tamara Kiesecker, the town’s management and budget officer, told council. Kiesecker said year‑end accounting adjustments are still possible.

Staff said Compass Creek’s annexation and build‑out materially boosted property tax receipts in FY25, producing about $1 million in real‑estate tax and contributing to the $3.4 million in business personal property taxes tied to data‑center equipment. Excluding Compass Creek, staff…