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Radford budget hearing draws residents’ opposition to proposed electric fee; city manager warns of $1.3M co‑gen shortfall
Summary
At a special Radford City Council meeting, City Manager Todd presented an advertised FY2027 budget of $81.7 million and outlined options including a not-to-exceed real‑estate tax of $0.87 per $100, a possible 5% electric increase and water rate scenarios; residents urged the council to avoid flat electric fees and favor cuts or property‑tax adjustments instead.
Radford City Council opened a public hearing April 21 on the city’s advertised FY2027 budget, during which City Manager Todd outlined an $81.7 million budget and revenue options that included a not‑to‑exceed real‑estate tax of $0.87 per $100 assessed value, a proposed 5% electric rate increase and multiple water‑rate scenarios.
Todd said the advertised water/wastewater budget line would rise to $9.9 million under the 'not to exceed' figure and summarized a 12‑scenario matrix combining differing real‑estate tax increases (2¢, 3¢, 4¢) with water‑bill increases ($2.00 to $3.50 on the minimum). He told council that each one‑cent change in the real‑estate rate equates to roughly $118,000 in revenue and that increasing the electric customer charge from $7.02 to $20 would slightly lower the…
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