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Radford City Council voted unanimously to advertise FY27 rates capped at $47.79 for water, 5% for electricity, and a $0.05 real estate tax increase, bringing the tax rate to $0.87 per $100 of assessed value.
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The council advanced rate and tax proposals as part of a balanced proposed FY27 budget totaling $79,179,807; the minutes do not show final adoption of those rates. The proposal includes $5,994,142 for the school system and prioritizes public safety, education, and essential services. The water-rate proposal is tied to potential future grants for replacing water infrastructure.
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