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VOL. 10, NO. 9
18
JANUARY 9, 2025
Supervisors Approve $259M Fund Balance Allocation BY HANNA PAMPALONI
hpampaloni@loudounnow.org
County leaders Tuesday night allocated $259 million of leftover funds from fiscal year 2024, funneling the money to capital projects, reserve funds and affordable housing. The amount, which is the highest in the county’s history, is attributable to intentionally conservative budgeting of data center revenue, according to Budget Director Megan Bourke. While $16 million is spent on supervisor priorities, the majority is filed back into next year’s budget, she said. “A significant amount of the unassigned fund balance recommendations that you have tonight is either sending the unassigned fund balance to meet your cash contribution requirements for FY 2026 or replenishing contingency accounts in this year’s budget to support your capital program so that you’re not having to issue additional debt in the future,” she said. The breakdown of the fund includes approximately $69 million into one-time capital projects and capital asset needs in FY 2026, $60 FUND BALANCE continues on page 26
William Timme/Loudoun Now
Kannan Srinivasan, right, and JJ Singh met with supporters at Nick’s Taverna in Ashburn Tuesday night after winning Senate and House special elections, according to preliminary results.
Democrats Srinivasan, Singh Easily Win in General Assembly Special Elections
BY NORMAN K. STYER nstyer@loudounnow.org
One day before the General Assembly was set to open its 2025 session, eastern Loudoun voters selected their representatives to fill two seats.
Special elections were held to fill vacancies in the 32nd Senate District and the 26th House District. Democrats Kannan Srinivasan in the Senate race and JJ Singh in the House race registered easy victories over Republicans Tumay Harding and Ram Venkatachalam.
Both won more than 61% of the vote, according to preliminary results. With the results, Democrats maintain their razor-thin majorities in the Senate and House.
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