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Posted on: March 31, 2022

F.Y. 2023 Proposed Budget

NOTICE OF PUBLIC HEARING

CITY OF RADFORD, VIRGINIA

TAX LEVIES FOR CALENDAR YEAR 2022 AND F.Y. 2022-2023 BUDGET

Pursuant to Section 58.1-3007 of the Code of Virginia, notice is hereby given that a public hearing is scheduled for 

7:00 P.M. April 11, 2022 on the proposed Tax Rates for Calendar Year 2022. 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 propose no increases in the following tax levies for Calendar year 2021:

  1. Real Property tax levy remains at $0.84 per one $100.00 of assessed value.
  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.

Notice is also given that the City Council of Radford City scheduled a public hearing for 7:00 P.M. or as soon thereafter, April 12, 2022 on the Advertised Fiscal Year 2022-2023 Budget in the amount of $66,999,753. The hearing will be held in the Council Chambers located at 10 Robertson Street.

The following is a synopsis of the 2022-2023 Budgets:

CITY OF RADFORD                                                                                     Total for City

GENERAL FUND                                                                                           $32,007,041                                       

STREETS MAINTENANCE FUND                                                                   $2,406,565 

TRANSIT                                                                                                            $3,380,793

WATER/WASTEWATER FUND                                                                       $5,315,340

ELECTRIC FUND                                                                                             $21,258,021

SOLID WASTE FUND                                                                                          $1,725,693

*INTERNAL SERVICES                                                                                       $906,300

            *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 $33,896,048.

The Summary is as Follows:

RADFORD CITY SCHOOL BOARD                                                            Total for Schools         

OPERATING FUND                                                                                       $24,258,866      

SCHOOL NUTRITION FUND                                                                            $771,344                                  

GRANTS FUND                                                                                                     $4,293,650                              

TEXTBOOKS FUND                                                                                            $560,144          

CAPITAL PROJECTS FUND                                                                              $220,000        

HEALTH INSURANCE FUND                                                                           $2,635,398    

MCHARG SCHOOL ADDITION/RENOVATION                                           $1,004,697    

REGION 7 VIRTUAL ACADEMY FUND                                                            $151,949    

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

F.Y. 2023 Proposed Budget
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