Consideration and action to schedule a public hearing on August 25, 2026, for the consideration and adoption of the proposed ad valorem tax rate.

Staff Report & Agenda Item Details

Consideration and action to place a proposal to adopt a tax rate of $0.326182 on the September 8, 2026, City Council agenda. (take a record vote). Staff presented the City's FY27 proposed operating and capital budget on August 4, 2026. This proposed budget would require a tax rate of $0.326182, including $0.192445 dedicated to general operations funding and $0.133737 dedicated to servicing the City's projected FY27 debt payments. The proposed rate of $0.326182 is equal to the State-calculated de Minimis rate for the City of Roanoke, and it would provide an additional $215,749 in estimated revenue. Proposing this rate effectively sets the maximum rate that Council can vote to adopt.

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 8.6/10). Under the Bastiat Liberty Watchdog Index, measures that increase tax rates or fee schedules, issue new debt or Certificates of Obligation, expand regulatory/zoning restrictions on private land use, or authorize unbudgeted spending expansions reduce an official's Freedom Score when voted YES (and reward dissenting NO votes).