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Deemed to be in ‘fiscal distress’ by the state, Radford will hold a public hearing Tuesday on its proposed budget

Summary by Cardinal News
The Radford City Council will hold a public hearing Tuesday on the proposed fiscal year 2027 budget and consider hikes to its real estate tax and water and electric rates. The city is currently in “fiscal distress,” according to the Virginia Auditor of Public Accounts. In a March 26 notification, the APA said Radford has struggled to maintain a “structurally balanced budget” because of “overly optimistic revenue projections,” it has a unique tax…
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Cardinal News broke the news on Monday, April 20, 2026.
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