Roanoke City Council adopts 2019-20 budget, tax rate

Roanoke will maintain the same tax rate it adopted in 1996.

Roanoke will maintain the same tax rate it adopted in 1996.

Roanoke City Council approved its fiscal year 2019-20 budget and property tax rate at its meeting Sept. 10.

The adopted property tax rate will remain $0.37512 per $100 valuation. Roanoke has maintained the same rate since 1996.

In “Our budget hasn’t gone up tremendously. It’s conservative budgeting, I would say,” Mayor Scooter Gierisch said of the tax rate.

The council also approved an operating budget of $21.35 million, up 4.54% over FY 2018-19. Most of the bump is due to increases in health care benefits and 3.5% merit-based pay raises for city workers.

While the city expects increased expenses in the upcoming fiscal year, it is also expecting an increase in revenue. Roanoke is projecting nearly $21.4 million in revenue, a 4.65% gain over FY 2018-19. Most of the boost will be fueled by property taxes, which are forecasted to grow by 13.19% due to increased values and new construction.
By Korri Kezar
Korri Kezar graduated from the University of Texas at Austin in 2011 with a degree in journalism. She worked for Community Impact Newspaper's Round Rock-Pflugerville-Hutto edition for two years before moving to Dallas. Five years later, she returned to the company to launch Community Impact Newspaper's Keller-Roanoke-Northeast Fort Worth edition, where she covers local government, development, transportation and a variety of other topics. She has also worked at the San Antonio Express-News, Austin-American Statesman and Dallas Business Journal.


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