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Roanoke council hears FY26 revenue forecast projecting $402.3 million and a 6.1% increase
Summary
City finance staff told Roanoke City Council the initial FY26 general fund revenue projection is $402.3 million, about $23.2 million (6.1%) more than the FY25 budget; roughly $6.7 million of that increase would be added to the school transfer under the city’s funding formula.
Roanoke City Council on Feb. 3 received an initial revenue forecast for fiscal year 2026 that projects general fund receipts of $402.3 million, a 6.1% increase over the adopted FY25 budget, city budget staff said.
"The initial total projection for the FY 26 stands at 402,300,000.0 as of today," said Tanya Catron, senior budget analyst in the management and budget division. Catron said staff used the same tax rates as FY25 and adopted a conservative stance while relying on five-year trend analysis and current-year collections through December 2024.
Catron said $6.7 million of the projected growth would be added to the amount the city provides to Roanoke City Public…
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