Roanoke City Council held a public hearing for the proposed tax rate for the upcoming fiscal year and approved a change to the speed limit on SH 114 at the Aug. 25 meeting.
Tax rate
Director of Finance Kyle Lester said the proposed tax rate for fiscal year 2026-27 is $0.326182 per $100 valuation, which is unchanged from the current fiscal year. He said that the no-new-revenue tax rate would be split into $0.133737 for debt payments and $0.192445 for the general operating fund.
The median taxable value of homestead property is $426,162, up from $425,900 last year, a 0.062% increase. Under the same proposed tax rate, the tax on the average homestead would remain $1,390, according to city documents.
Council will vote on the budget and tax rate at the Sept. 8 meeting.
Speed limit
Roanoke officials voted to set the speed limit on SH 114 within the city limits to 70 mph, up from 60 mph on that stretch or road. The speed limit along US 377 from Bobcat Boulevard to the northern city limits remains at 60 mph.
According to city documents, a speed zone study was conducted after the SH 114 expansion from US 377 to I-35W was completed. The recommended speed corresponds to the speed at which the normal, prudent driver is traveling under existing conditions, city documents state.
TxDOT requested that Roanoke officials proceed with changing the speed limit and the city needed to amend the ordinance to match the zone, according to city documents.
The city code states a violation of the speed limit could result in a fine not to exceed $200 for each offense.
