Radford just raised property taxes almost 20% and still hasn't paid some bills. Here's why the city is financially stressed.

Radford just raised property taxes almost 20% and still hasn't paid some bills. Here's why the city is financially stressed.

The sharp tax increases and tightened budget that the Radford City Council approved last month are a signal of a badly needed course correction, Radford’s mayor and other officials said recently.For years, the city council’s budget decisions were based on inaccurate, overly rosy revenue projections, leaving income to lag behind expenses, officials said. It may take several more budget cycles to bring the city back to a more stable financial outl…