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Posted on: April 9, 2020

F.Y. 2021 Budget Items

Radford 2021 Budget

The City Manager has presented his proposed budget for F.Y. 2021 to City Council. Below you will find the upcoming budget calendar, the presentation to City Council, the public hearing notice, and the proposed budget document. 

FY 2021 Proposed Budget Document

Public Hearing Advertisement

Proposed Budget Presentation to Council

F.Y. 2021 School Board Proposed Budget

NOTICE OF PUBLIC HEARINGS 

FOR CITY OF RADFORD, VIRGINIA F.Y. 2020-2021 BUDGET, 

TAX RATES FOR CALENDAR YEAR 2020, AND SCHOOL BUDGET

The Radford City Council will hold public hearings on the proposed F.Y. 2020-2021 Budget, Tax Rates for calendar year 2020, and the School Budget on Monday April 20, 2020, beginning at 5:00 p.m.  
Declarations of emergency and restrictions on public gatherings have been made at all levels of government. Due to the threats posed by the COVID-19 virus, a disaster exists which requires the City to assure continuity of government for a period not to exceed six (6) months. During a declared disaster, the Code of Virginia authorizes governing bodies to conduct their meetings on matters and with procedures which are consistent with providing continuity of government and promote the health, safety, and welfare of the public.  

The COVID-19 virus makes it impractical and unsafe for City Council to physically assemble in one location. The virus also makes it impractical and unsafe, as well as potentially life threatening, for the public and city staff to gather in the same location to participate in the public hearings.  As a result, the public hearings will be conducted virtually. The members of City Council will participate in the public hearings by electronic means, and the public will be able to participate and make comments as set out below.

The City has established the following ways for you to share your public comments with City Council. The deadline to share your comment for the public hearings is Noon, Friday, April 17, 2020.  Any comments received by that time will be shared with City Council and will be added to the meeting minutes, making them a matter of public record.  When providing your public comment, please be sure to provide:

1.  First Name;
2.  Last Name;
3.  Residential Address; and,
4.  Your Comment.

Ways to submit your public comment:

Email: Jenni.Wilder@radfordva.gov

Mail comments to: City Clerk, 10 Robertson Street, Radford, VA 24141

Voicemail message: 540-267-3145

The Radford City Council will also be meeting virtually by electronic means on Monday, April 27, 2020, at 5:00 p.m. to consider approval of the proposed F.Y. 2020-2021 Budget, Tax Rates for calendar year 2020, and the School Budget.  The City will continue to receive public comments in the ways described above until Noon, Friday, April 24, 2020, which will be shared with City Council and added to the minutes.

Ways to participate in public hearings and meeting:

The public is encouraged to participate in the public hearings scheduled on Monday, April 20, 2020, beginning at 5:00 p.m. through Facebook Live at the following link:https://www.facebook.com/Radford-City-Government-301072910338  The public hearings meeting agenda can be viewed at: www.radfordva.gov.

The public is encouraged to participate in the meeting scheduled on Monday, April 27, 2020 at 5:00 p.m. through Facebook Live at the following link: https://www.facebook.com/Radford-City-Government-301072910338 . The meeting agenda can be viewed at: www.radfordva.gov

Copies of agendas may also be obtained by calling the Office of the City Clerk at (540) 731-3603.

Synopsis of Budgets and Tax Rates:

Notice is given of City Council’s intention to propose the following tax levies for Calendar Year 2020:

  1. Real Property tax levy decreases to $0.78 per $100.00 of assessed value to maintain approximate level funding with the 2019 real estate tax levy.
  1. Machinery and tools tax levy remains at $1.76 per $100.00 of assessed value.                                                          
  1. 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.

  1. 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.

The following is a synopsis of the 2020-2021 City of Radford $59,514,312 total budget.                         

CITY OF RADFORD                                                                                     Total for City

GENERAL FUND                                                                                                 26,802,275                      

STREETS MAINTENANCE FUND                                                                        2,505,953

TRANSIT                                                                                                               3,002,981

WATER/WASTEWATER FUND                                                                            4,639,264

ELECTRIC FUND                                                                                                20,293,253

SOLID WASTE FUND                                                                                            1,524,677

*INTERNAL SERVICES                                                                                          745,909

            *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 $36,460,148.

The Summary is as Follows: 

RADFORD CITY SCHOOL BOARD                                                            Total for Schools         

OPERATING FUND                                                                                                    17,540,748

CAFETERIA FUND                                                                                                          684,960

GRANTS FUND                                                                                                            1,452,368

TEXTBOOKS FUND                                                                                                        246,524

CAPITAL PROJECTS FUND                                                                                            414,100

A copy of the document is available for review on the City’s website at www.radfordva.gov


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