Town of Blacksburg Adopted Operating Budget FY 2027

GENERAL FUND REVENUES

% Change

Actual

Budget FY 2026

Budget FY 2027

From

FY 2025

FY 2026

REAL ESTATE TAXES

Real Estate Taxes – Current Real Estate Taxes – Delinquent Tax Relief for Elderly/Handicapped

$

12,101,008 $

12,998,300 $

14,110,000

8.6%

651,683

400,000 (38,000)

600,000 (38,000)

50.0%

0

0.0%

Interest (All Property Taxes)

51,074 67,976

17,000 36,000

20,000 65,000

17.6% 80.6%

Penalties

Real Estate Taxes Total

$

12,871,741 $

13,413,300 $

14,757,000

10.0%

OTHER LOCAL TAXES

Local Sales and Use Taxes Consumers Utility Tax Telecommunications Taxes

$

2,427,670 $

2,688,000 $

3,045,000

13.3%

927,737 800,317

900,000 810,000

946,000 800,000

5.1%

(1.2%)

Meals Tax

7,464,511 2,194,087

8,100,000 2,205,000

8,730,000 2,419,000

7.8% 9.7%

Lodging Taxes Cigarette Tax

136,810 735,612

200,000 740,000

135,000 750,000

(32.5%)

Bank Franchise Taxes

1.4%

Mobile Home Titling Taxes

465 244

1,500 2,000

500 300

(66.7%) (85.0%)

DMV – Gross Receipts Tax - Rental Cars

Utility Franchise Fees

112,943

80,000

115,000

43.8%

Other Local Taxes Total

$

14,800,396 $

15,726,500 $

16,940,800

7.7%

LICENSES AND PERMITS

BPOL – Finance, Real Estate, Professional

$

971,301 $

929,300 $

975,300

4.9%

BPOL – Retail BPOL – Other

982,425 35,112 322,125 945,604

1,084,000

1,080,000

(0.4%)

67,000 446,600

67,000 500,000

0.0%

BPOL – Contractors

12.0% (3.8%)

1,040,000

1,000,000

BPOL – Business, Personal, Repair Service

BPOL – Itinerant Vendor BPOL – Mobile Food Vendor

1,050 1,779

1,000

1,000 1,000

0.0%

800

25.0%

BPOL – Public Utilities Vehicle License Tax

112,045 231,617 184,957 208,921

112,000 232,000 97,400 250,000 110,000

115,000 232,000 138,100 200,000 100,000

2.7% 0.0%

Zoning and Subdivision Fees

41.8%

Building Permits

(20.0%) (9.1%)

Engineering Inspection Fee

(848)

Licenses and Permits Total

$

3,996,088 $

4,370,100 $

4,409,400

0.9%

INTERGOVERNMENTAL REVENUE

Street and Highway Maintenance

$

4,615,114 $

4,794,000 $

4,842,000 1,364,000

1.0% 1.0% 0.0% 1.4% 0.0%

Police Reimbursement

1,243,755

1,350,000

Rolling Stock Tax

92

-

-

DMV- Speed Enforcement

3,631

44,400 12,000

45,000.00

Miscellaneous Grants

297,519

12,000

Intergovernmental Revenue Total

$

6,160,111 $

6,200,400 $

6,263,000

1.0%

30