City finances and taxes
Where it standsThe council raised the real estate rate to $0.84 per $100 and adopted an $80.1 million budget for fiscal year 2027, while a forensic audit of city finances continues.
What's on the tableThe next council sets tax rates and the annual budget and acts on the audit's recommendations.
- The council voted 4-1 on April 28, 2026 to raise the real estate tax rate from $0.82 to $0.84 per $100 of assessed value. Radford City Council minutes, April 28, 2026 · Apr 28, 2026
- The council adopted a fiscal year 2027 budget of $80,134,986. Radford City Council minutes, April 28, 2026 · Apr 28, 2026
- The forensic auditor reported on July 13, 2026 that seven of 28 areas were finished and that it had 26 recommendations. Radford City Council minutes, July 13, 2026 · Jul 13, 2026