TAX LEVIES FOR CALENDAR YEAR 2024 AND F.Y. 2024-2025 BUDGET
Pursuant to Section 58.1-3007 of the Code of Virginia, notice is hereby given that a public hearing is scheduled for
5:30 P.M. April 16, 2024 on the proposed Tax Rates for Calendar Year 2024. Interest parties are invited to attend the
public hearing and present their views. The hearing will be held in the Council Chambers located at 10 Robertson Street.
FURTHER, notice is given that the Council’s intention to increase in the following tax levies for Calendar year 2024:
- Real Property tax levy at $0.69 per one $100.00 of assessed value, as advertised in a separate notice on April 3,
2024.
FURTHER, notice is given that the Council’s intention to propose no increases in the following tax levies for Calendar
year 2024:
- Machinery and tools tax levy remains at $1.76 per $100.00 of assessed value
.
- Tangible personal
property as listed and specified in Subsections 3 through 13 of Section 58.1-3503A,
Code of Virginia, 1950 as amended, remains at $2.44 per $100.00 of assessed value.
- Tangible personal property as listed and specified in Subsections 15 through 19 of Section 58.1-3503A,
Code of Virginia 1950 As Amended, remains at $1.76 per $100.00 of assessed value.
Notice is also given that the City Council of Radford City scheduled a public hearing for 5:30 P.M. or as soon thereafter,
April 16, 2024 on the Advertised Fiscal Year 2024-2025 Budget in the amount of $79,043,310 The hearing will be held
in the Council Chambers located at 10 Robertson Street.
The following is a synopsis of the 2024-2025 Budgets:
CITY OF RADFORD Total for City
GENERAL FUND $35,411,361
STREETS MAINTENANCE FUND $2,829,359
TRANSIT $2,860,488
WATER/WASTEWATER FUND $6,320,498
ELECTRIC FUND $28,854,443
SOLID WASTE FUND $1,688,841
*INTERNAL SERVICES $1,078,320
*Not included in total above as this fund is allocated through all other funds.
Notice is also given that the City Council of Radford City will hear comments on the Radford City School Board
Budget in the amount of $46,803,799.
The Summary is as Follows:
RADFORD CITY SCHOOL BOARD Total for Schools
OPERATING FUND $38,098,270
SCHOOL NUTRITION FUND $1,033,057
GRANTS FUND $2,694,745
TEXTBOOKS FUND $852,102
CAPITAL PROJECTS FUND $220,000
HEALTH INSURANCE FUND $2,858,251
REGION 7 VIRTUAL ACADEMY FUND $862,896
A copy of the document is available for review in the City Manager’s office, the Radford Public Library, and on the City’s
website at www.radfordva.gov .
BY THE ORDER OF RADFORD CITY COUNCIL
