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Radford council schedules second reading on budget amid electric-rate concern
Summary
Council members discussed the fiscal 2026 budget, the city's $4 million transfer from the electric utility to the general fund and the prospect of buying power on the open market after a long-term contract ends; council set a second reading and final votes for April 28 at 6 p.m.
Radford City Council used updates at its April 27 meeting to frame a budget decision set for a second reading and vote the following evening.
The mayor and staff described a roughly $4,000,000 transfer from the electric utility to the general fund that effectively supports general services; the mayor said that $4 million "equates to about…
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