| | About the Budget | | The City of Rockville Charter requires the City Manager to submit an annual budget to the Mayor and Council at least one month before the beginning of each fiscal year. In addition to the operating budget, a five-year Capital Improvements Program (CIP) budget is presented for the Mayor and Council's consideration. The budget is approved in the form of an appropriations ordinance. The City of Rockville's fiscal year begins on July 1. | | | | Homeowners' Property Tax Credit Program | | The City of Rockville offers a supplemental credit to the State of Maryland's Homeowners' Tax Credit Program. |
(July 1, 2012-June 30, 2013)
As the Mayor and Council begin the Fiscal Year 2013 (FY13) budget process, we will work to keep you informed of the steps along the way. We'll let you know about key dates, planning information and other important details as the budget process goes forward. Updates will be made often, so check back frequently.
You can tell the Mayor and Council your thoughts on the budget in many ways, including at any Citizens Forum during regularly scheduled Mayor and Council meetings on Mondays at 7 p.m., by e-mail to mayorcouncil@rockvillemd.gov, during drop-in session held monthly before the start of a Mayor and Council meeting and at public hearings.
The first budget public hearing is scheduled for Monday, Jan. 30, at 7 p.m. at City Hall, 111 Maryland Ave. All are invited to testify.
| FY 2013 Budget Dates | | Dec. 30 | Mayor and Council Budget Survey Responses Due | | Jan. 23 | FY13 Budget Preview PART I (includes Summary of Budget Survey Responses) | | Jan. 30 | FY13 General Budget Public Hearing No. 1 | | Feb. 27 | FY13 Budget Preview PART II | | March 26 | Presentation of the FY13 Proposed Operating Budget and CIP | | April 2, 16 and 30, and May 7 | FY13 Budget Work Sessions and Public Hearings | | May 21 | Final FY13 Adoption of Operating Budget and CIP | | July 1, 2012 | FY 2013 Begins |
(July 1, 2011-June 30, 2012)
The Mayor and Council adopted the Fiscal Year 2012 (FY12) operating and capital budgets on May 23, 2011. The total operating budget for all funds equals $107.2 million, an increase of 2.2 percent from last year. The General Fund budget equals $66 million, an increase of 4.6 percent. The FY11 real property tax rate of $0.292 per $100 of assessed valuation remains the same for FY12. The FY12 budget discontinues the $100 property tax credit that previously applied to all owner-occupied residential properties from FY08 to FY11. In addition to adopting the FY12 budget ordinance, the Mayor and Council also approved several ordinances and resolutions that set the utility rates. Those include: - A stormwater utility rate of $62.48 per equivalent residential unit (ERU). Each residential property will pay $62.48 or one ERU per year, and each commercial property will pay $62.48 multiplied by the number of ERUs measured on their property.
- Water usage rates of $4.33 per 1,000 gallons for the first 12,000 gallons used in the quarter, $6.23 per 1,000 gallons for the next 12,000 gallons used in the quarter, and $6.69 per 1,000 gallons for usage beyond 24,000 gallons.
- Sewer rate of $5.26 per 1,000 gallons.
- Refuse rate of $392.40 per residential property per year.
 Popular Annual Financial Report (PAFR)
In order to make the financial information that is presented in the Comprehensive Annual Financial Report (CAFR) easier to read and understand, staff created the Popular Annual Financial Report (PAFR). The PAFR provides summary information based on the numbers presented in the annual CAFR and the annual operating budget. The PAFR is aimed at helping the public more easily review the City government's financial operations.
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