Radford City Council finalizes budget for upcoming fiscal year

Heather Bell RADFORD – The city’s budget for fiscal year 2026-27 has been approved, with increases to real estate taxes, and water and electric rates. Radford City Council gave final approval to the $80,135,986 budget, with a $35,380,562 general fund, on Tuesday, April 28. The budget includes a two-cent increase in the real estate tax rate, from 82 cents per $100 in valuation, to 84 cents. It also includes a $3 increase in the water rate per 1,000 gallons, and a five percent increase in electric. It also includes cuts to expenses, most notably $1.7 million in cuts from decreased...

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