Roanoke Times Copyright (c) 1995, Landmark Communications, Inc. DATE: SUNDAY, April 25, 1993 TAG: 9304250160 SECTION: VIRGINIA PAGE: C6 EDITION: METRO SOURCE: DAVID M. POOLE STAFF WRITER DATELINE: LENGTH: Short
The overall assessed value of taxable land will go up 5.45 percent. The last assessment was done two years ago.
The higher assessments will generate an extra $565,800 during the budget year that begins July 1.
City Manager Randy Smith released a proposed budget that would maintain existing city services and give municipal employees cost-of-living raises of 2.5 percent. Smith recommended restoration of merit raises of up to 5 percent for some employees.
Smith's spending plan would maintain the real estate tax rate of $1.18 per $100 in assessed value and the personal property rate of $3.20 per $100 in value.
But Smith proposed a 12 percent increase in sewer rates, which would raise the minimum monthly charge from $8.25 to $9.25.
Smith also recommended raising garbage tipping fees to help recover costs of operating the city's waste-to-energy incinerator and landfill.
City Council will vote on the budget in June following a series of budget workshops and public hearings beginning next month.
by CNB