University of Virginia Library

Municipal Statistics

On January 1st, 1910, the Bonded Indebtedness of
the city was $1,066,000.00.

On March 24th, 1910, the freehold voters of the city
voted an issue of bonds to be used for the following
purposes:—

         
Streets  $285,000.00 
Sewers  75,000.00 
Public School Buildings  100,000.00 
Fire Stations  40,000.00 
Total  $500,000.00 

On May 1st, 1911, a further bond issue was voted
upon favorably by the freeholders for the following
purposes:—

     
For Public Park  $120,000.00 
For New City Hall  230,000.00 
Total  $350,000.00 

This makes the total bonded indebtedness
$1,916,000.00, and there is in the Sinking Fund to the
credit of the bond account the sum of $135,000.00.
On January 1st, 1911, the value of public buildings,
land and parks (exclusive of the $100,000.00 for public
schools and the $40,000.00 for fire stations voted
March 24th, 1910) was $693,941.51, of which the Public
School buildings represented the sum of $345,943.25.
When the items for Public Building and Park included
in the last two bond issues are added, the value of public
buildings, land and parks will amount to a sum approximating
$1,200,000.00.

The tax rate which obtains is $1.60 on each $100 of
assessed property valuation, based on a fair, conservative
estimate of values, and is divided as follows:
City Tax, $1.00, School Tax, 25 cents, State Tax, 35
cents, Total, $1.60, which is the lowest tax rate of any
city of like size in Virginia.

Roanoke has never defaulted in meeting the payments
of interest on municipal bonds.

The average rate of interest on the present outstanding
bonds is about four and one-half per cent.

At the close of 1911 there had been built the following
public improvements, consisting of paved streets, sidewalks
and sewers.

             
Granite Paved Streets  1 1-10 miles 
Brick Paved Streets  5 8-10 miles 
Macadam Streets  14 1-10 miles 
Macadam Streets With Binder  8 5-10 miles 
Brick Sidewalks  25 miles 
Granolithic Sidewalks  19 7-10 miles 
Public Sewers  50 3-10 miles 

Other extensive public improvements of this character
are in process of completion, and additional work
is planned in order to keep pace with the requirements
of the city's continued growth.

All departments of the city government are alert to
the needs of the municipality and work in an earnest
and efficient manner to achieve the best results possible.
Care and attention are displayed, and intelligent service
is given to the business pertaining to each branch of
the city government, in order that the general scheme
of municipal development may be conducted on a
broad comprehensive plan, with Roanoke's welfare as
the prime consideration.