Virgin council reviews preliminary FY2025 budget; staff to supply updated figures ahead of public hearing

Virgin — The Virgin Town Council met in a work session May 14 to review the proposed fiscal-year 2025 budget and asked staff to prepare an updated package for the public hearing and a follow-up budget meeting.

Council members and staff said the draft shows only a small increase in recurring revenue — about $64,000 — once one‑time loan proceeds and some grants are excluded. At the same time, payroll and other base expenses are rising, producing a tighter operating picture than in previous years.

Why it matters: Resort‑area taxes (transient lodging/“resort” tax) account for a large share of the town’s revenue. Councilors stressed that growth in permanent housing or large subdivisions can alter the town’s classification and reduce or eliminate the resort tax, creating a trade‑off between new housing and the sales-type revenues that support…