On January 7, 2025, the Loudoun County Board of Supervisors approved the use of a $259,577,119 surplus from FY 2024.
This unexpected surplus stemmed from cautious budgeting practices, particularly in predicting data center tax revenues.
Over $100 million of the surplus came from higher-than-anticipated data center property taxes.
Conservative fiscal strategies were crucial due to uncertainties in state legislation and Dominion Energy’s supply chain, which could have impacted tax revenue. These measures ensured financial stability despite potential risks.
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Breakdown of FY 2024 Surplus Allocation
The Board’s strategic use of the surplus aligns with existing priorities while avoiding increased debt or new property tax hikes. The funds were distributed as follows:
Allocation Category |
Amount Allocated |
Purpose |
|---|---|---|
| Capital Budget (FY 2026) | $69,244,201 | Supports one-time needs, including infrastructure development. |
| Reserve & Stabilization Funds | $60,000,000 | Enhances fiscal stability and Other Post-Employment Benefits Trust. |
| Loudoun County Public Schools (LCPS) | $9,756,500 | Funds operating expenses and capital projects. |
| Active County Capital Projects | $103,604,834 | Supports sidewalks, trails, land acquisition, and contingency funds for ongoing initiatives. |
| Board-Directed Uses | $16,971,584 | Includes safety studies, invasive species removal, housing funds, and micro-transit pilots. |
Focus on Community Impact
Advancing Local Infrastructure
Funding will accelerate major initiatives like the Cascades Library and Senior Center Complex and safety improvements for key corridors, such as Belmont Ridge and Destiny Drive. These projects aim to improve accessibility and safety for residents.
Sustainable Growth and Stability
Loudoun County’s fiscal responsibility includes lowering property tax rates for homeowners over the past nine years. This allocation continues that trend by reducing reliance on new debt and stabilizing funds for long-term needs.
Innovative Community Programs
Board-directed funds will also support unique initiatives such as a micro-transit pilot program and water testing for Goose Creek. These efforts address emerging challenges and prioritize sustainable solutions.
What’s Next for Loudoun County?
Looking ahead, the Board will focus on preparing the FY 2026 budget, with discussions set for February and March and adoption scheduled for April 2025. Residents can expect continued investments in community projects, education, and sustainable growth strategies.
Stay informed about Loudoun County’s financial planning and ongoing projects by visiting loudoun.gov/budget.
Sources: THX News & Loudoun County.
