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Marylou Berg, Communication Manager, 240-314-8105
Rockville Mayor and Council Adopt Fiscal Year 2012 Budget
ROCKVILLE, Md., May 24, 2011 -The Rockville Mayor and Council adopted on May 23 the Fiscal Year 2012 operating budget and Capital Improvements Program (CIP). The FY12 budget is the fourth consecutive year without a tax increase, which will remain at 29.2 cents per every $100 of assessed property value. The adopted budget goes into effect July 1.
The total operating budget of $107.2 million for fiscal 2012 is an increase of 2.3 percent from fiscal 2011. The General Fund budget is $66 million, which is an increase of 4.6 percent. The General Fund supports the largest portion of the operating budget and covers the cost of every day government activities such as public safety, streets, parking and administration.
The fiscal 2012 Capital Improvements Program (CIP) is $72.3 million and supports 51 projects.
Work on the FY12 budget began last October. The Mayor and Council held four work sessions and three public hearings on the budget.
The FY12 budget includes the Homeowners' Tax Credit Program. This state administered program provides real property tax credits to low- and moderate-income residents for property taxes on their principal residence. Under the FY12 Program, households with gross incomes up to $85,000 per year and a household net worth of less than $200,000 (not including the value of the home or qualified retirement savings) could qualify for tax relief on the first $400,000 of their home's assessed value.
The FY12 budget includes $568,240, a 2.7 percent increase over FY11, in funding given to caregiver agencies. Rockville administers a grant program for local caregiver agencies and social services. The funding is distributed among 24 agencies that provide assistance to the community with basic needs related to housing, food, clothing, financial resources, health care and/ or family well-being.
The Mayor and Council also agreed to add $60,000 for a new Bankshot basketball court, which are designed to accommodate disabled and able-bodied players; $27,000 for senior bus service; an increase of $9,000 for the Rockville Science Center; $200,000 for employee training; $25,000 for the Buy Rockville program; $122,400 for rising fuel costs; and a $700,000 transfer to the capital projects fund to reduce the planned debt issue in FY13.
Residents will see an increase in utility rates for water, sewer and stormwater services. The average annual cost for residents is as follows:
To learn more about the FY12 budget and the process, go to www.rockvillemd.gov/budget/. The adopted budget will be online in early July.
