JAMES CITY — James City County is looking to hold back on borrowing funds after its debt-funded capital improvement plan increased to nearly $332 million.

This comes after Davenport & Co., the county’s financial advisor, gave an update to supervisors Tuesday on the five-year plan. During a presentation to national rating agencies last October, the plan was outlined for around $183 million, but later increased based on cost estimates and new project requests, including the $189.5 million proposed government center and its now-$25 million library annex.

To help with the increase, Davenport suggested adjusting the timing of future borrowing. Instead of borrowing in fiscal year 2026, the firm said borrowing $193.3 million in 2027 should be done to fund the first two years of the capital impr

See Full Page