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The Christiansburg City Council unanimously approved its annual budget on Tuesday and announced that there would be no changes to tax rates in the coming fiscal year.

By a vote of 6-0, the council approved a property tax rate of 14 cents per $100 for the 2024-25 fiscal year and a personal property tax rate of 45 cents per $100. City residents also pay Montgomery County property and personal property taxes.

In two additional votes by a 6-0 vote, budget and appropriations orders for the coming fiscal year were approved, each totaling approximately $111.9 million. This is an increase from the current year’s total appropriations of approximately $92 million.

A note in the council’s information pack states: “Much of this increase is due to debt financing for the new (Huckleberry) Park and capital grants received. New debt is also planned for the coming year to upgrade the wastewater treatment plant.”

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There was no discussion before Tuesday’s votes. The Council has held a series of working sessions since presenting a budget proposal in March.

Budget documents show that the city uses approximately $9.8 million from unallocated fund balances and approximately $6.8 million from allocated fund balance reserves to meet its capital needs.

The City expects to have $16.2 million in unallocated funds available at the end of the next fiscal year, which is within the targets set by the City Council.

The budget provides for 3% cost-of-living increases for employees and 2% benefit increases.

After the council voted on the budget, Mayor Mike Barber thanked city staff for their work on the budget.

“It looks like you can start next year’s now,” he joked.

The council also formalized a new system on Tuesday to notify downtown businesses of upcoming special events that could result in street closures or other impacts to them.

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