HomeMy Public PortalAboutTOL PR 2018-04-10 FY 2019 tax rate and budget adoption
Town of Leesburg
News Release
For Immediate Release
April 10, 2018
Media Contact:
Betsy Arnett, Public Information Officer
barnett@leesburgva.gov 703-771-2734
Leesburg Town Council Adopts Fiscal Year 2019 Budget, Sets
Real Estate Tax Rate at 18.4¢
Leesburg, VA (April 10, 2018) – On Tuesday, April 10, 2018, the Leesburg Town Council adopted
the real estate and personal property tax rates for the 2018 calendar year and approved the Fiscal
Year 2019 Budget and Fiscal Year 2018-2023 Capital Improvements Program (CIP). The Council
maintained the current real estate property tax rate at 18.4¢ per $100 of assessed value.
The adopted Fiscal Year 2019 General Fund Budget, including debt service, totals $59 million
which is a 3.3% increase over Fiscal Year 2018. The budget includes four new full-time positions
in the General Fund that address issues of cybersecurity, keeping up with new construction , and
improving customer service through business efficiencies and technology applications. Two
additional positions were added in the Utilities Fund to accommodate 24/7 operations at t he
Water Pollution Control Facility.
As part of the budget adoption, the Council also adopted the Fiscal Year 2018-2023 Capital
Improvements Program (CIP). The CIP includes 40 projects, totaling $168.4 million over the six
years of the program. For Fiscal Year 2019, the CIP is $42.4 million. Notable projects in the Capital
Improvements Program that will begin construction in Fiscal Year 2019 are utility relocation for
the Route 7/Battlefield Parkway interchange, the final phase of Sycolin Road widening f rom
Tolbert Lane to the southern town corporate limits, and the widening of Evergreen Mill Road.
Expansions of the Police Department building on Plaza Street and the refurbishment of the Town
Shop building on Russell Branch Parkway were added to the six-year CIP in Fiscal Years 2020 and
2023, respectively.
The newly-adopted Fiscal Year 2019 Budget and the Fiscal Year 2018-2023 Capital Improvements
Program will be available for download from the Town’s website at www.leesburgva.gov/budget
within the next month. The proposed budget document is available now.
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