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Board approves $62,500 Virginia Derby sponsorship; rejects immediate funding for New Kent Elementary design
Summary
The board voted to transfer $62,500 from Colonial Downs revenues to fund a Virginia Derby sponsorship but voted down a separate motion to appropriate $130,732.99 (plus $18,665) for engineering and design work on a proposed New Kent Elementary replacement, after debate over timing and fiscal policy.
The New Kent County Board of Supervisors on Jan. 13 approved a $62,500 budget transfer from the Colonial Downs Reserve to the EDA incentive program to fund the county's title sponsorship of the 2026 Virginia Derby, a nationally televised event. County staff said the sponsorship will be paid from Colonial Downs (Rosie's) revenues and not from general tax funds.
County Administrator Rodney Hathaway told the board the…
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