Budget Development

FY 2020 Adopted Budget

City Council met on Monday, May 13th to adopt six ordinances and resolutions related to the adoption of the FY 2020 budget:

1.  Reaffirmation of the Real Estate tax rate at $1.22 for every $100 of fair market value of such property.
2.  Amendment of the FY 2020 Fee Compendium for Fire-EMS, Parks and Recreation, and Parking Facilities Fee Adjustments. 
3.  Adoption of Annual General, Stormwater Utility, Civic Facilities, Parking, Risk Management, School General, School Food Services and Grant Fund appropriations for the fiscal year beginning July 1, 2019 and ending June 30, 2020.  The adopted General Fund budget is $299,431,000, an increase of $7.7 million, or 2.65% over the FY 2019 adopted budget.
4.  Adoption of a Pay Plan for officers, employees, Council-appointed officers and Constitutional Officers of the City; and authorization for certain salary adjustments and merit increases and monthly stipends for certain board and commission members, effective July 1, 2019.  A 2.75% pay increase for employees was approved as part of the adopted budget process.
5.  Endorsement of the Capital Improvement Program Update for FY 2020 - 2024.  In the Capital Improvement Plan, $17.93 million is allocated for projects in FY 2020.  The total Capital Improvement Program for Fiscal Years 2020-2024 is comprised of capital projects with estimated expenditures of $174,784,311.
6.  Consideration and approval of the 2019 – 2020 HUD Annual Plan. 

Important dates that remain on the budget calendar include:
June 17, 2019 - Adopted Budget Document will be available online and at Roanoke's Main Public Library.
  1. FY2020
  2. FY2019
  3. FY2018
  4. FY2017

Important Dates, Presentations and Official Documents