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TOL PR 2016-04-14 tax rate and budget adoption Town of Leesburg News Release For Immediate Release Media Contact: Betsy Arnett, Public Information Officer barnett@leesburgva.gov  703-771-2734 Leesburg Town Council Adopts Fiscal Year 2017 Budget, Sets Real Estate Tax Rate at 18.6¢ Leesburg, VA (April 14, 2016) – On Monday, April 11, 2016, the Leesburg Town Council adopted the real estate property tax rate for Fiscal Year 2017. The Council approved the equalized residential real estate property tax rate of 18.6¢ per $100 of assessed value, up from 18.3¢ in 2015. The residential equalized rate is the rate at which the Town will receive the same amount of real estate revenue as the previous year, based on current residential real estate assessments. On average, residential real estate assessments in Leesburg declined slightly in 2016. The Fiscal Year 2017 Budget and the revised Fiscal Year 2016-2021 Capital Improvements Program was adopted by Council at their Tuesday, April 12, 2016 regular meeting. The adopted Fiscal Year 2017 Budget totals $94.2 million, a 3.5% decrease from the Fiscal Year 2016 Budget. The budget contains a new Network Administrator position in the Information Technology office; which is the first new, budgeted full-time staff position added to the General Fund since Fiscal Year 2009. Other enhancements include $60,000 for downtown initiatives, in- car and body cameras for the Police Department, and building improvements to Town Hall. The revised Fiscal Year 2016-2021 Capital Improvements Program (CIP) includes 37 projects, totaling $106.5 million over the six years of the program. Key projects include the last segment of Battlefield Parkway from South King Street to the Dulles Greenway, design of the Battlefield Parkway/East Market Street interchange, design of the Route 15 Bypass/Edwards Ferry Road interchange, the Catoctin Skate Park, Tuscarora Creek flood mitigation, and the Chesapeake Bay TMDL (storm water management) Project. The newly-adopted Fiscal Year 2017 Budget and the Fiscal Year 2016-2021 Capital Improvements Program will be available for download from the Town’s website at www.leesburgva.gov/budget by May 2, 2016. # # #