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CFO warns of tighter FY27: rising debt service, modest revenue growth and pressure on pay plans
Summary
City CFO Donna Witt told council the FY27 outlook assumes flat operating budgets and flagged $2.3M of additional debt‑service pressure, a $900K step for public‑safety pay progression and uncertainty around VRS rates; staff urged prioritization of revenues or one‑time funding for some initiatives.
Donna Witt, Lynchburg’s chief financial officer, presented an update on FY26 revenues and an early look at FY27 budget pressures on Jan. 13, saying the city faces limited new revenue growth and a set of built‑in expenditure increases that will require choices in the upcoming budget season.
Witt said real‑estate and personal‑property tax collections through December were tracking close to the adopted budget, while consumption and lodging tax revenues showed monthly volatility tied to large…
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