Roanoke residents will see increased property tax bills following the unanimous adoption of fiscal year 2025-26 property tax rate and budget at the Sept. 9 meeting.

The increased property tax rate will bring in $936,655 more revenue than last fiscal year, which will help fund additional city staff positions and pay down city debt, according to city documents .

The overview

The adopted budget includes a projected $72.6 million in operating revenues and $72.5 million in operating expenses, Director of Finance Kyle Lester said.

The beginning balance for the general fund is $15.8 million, according to city documents. The projected revenue for the general fund is $36 million, while expenses are projected to be $38.8 million, resulting in a projected ending balance of about $13.1 million

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