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Committee sets FY27 budget guidance; delegates cigarette-tax revenue to housing fund
Summary
Staff recommended and the committee endorsed budget guidance constraining county operating growth to 9% and LCPS to 8%, held proposed FY27 tax levels (real property 80.5¢, vehicles $3.09) for review, and the committee voted to dedicate cigarette-tax revenue to housing closing-cost/down-payment assistance.
On Dec. 9 the committee reviewed staff's long-term revenue forecast and recommended guidance for the FY2027 proposed budget.
Staff advised the committee to constrain county operating-budget growth to 9% and Loudoun County Public Schools to 8% for FY27 while directing any excess local tax funding toward capital improvement program debt capacity and the housing fund. Staff noted that recent rapid growth in data-center-driven commercial valuations is expected to slow over the next five to seven years and recommended avoiding deeper, immediate cuts to real-property tax rates that could leave the…
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