Budget

Fiscal Year 2025 Community Budget Priorities Survey

network-team-308Every year, the City of Rockville evaluates which projects, services, and initiatives will be included in future year budgets by weighing needs, funding levels, and other competing priorities. An online survey seeking input from the community on priorities and soliciting ideas has been developed for this year's budget process and will be available through Spring 2024. The City of Rockville invites its community members to submit a budget priorities survey.

Community Budget Priorities Survey

Fiscal Year 2025 Budget Calendar

Fiscal Year (FY) 2025 budget planning is officially underway. The budget calendar below provides the dates of budget public hearings, Mayor and Council meetings, and other items of public interest. Meeting dates are subject to change.

September 1, 2023
Community Budget Priorities Survey Available
November 20, 2023
Budget Process and Timeline Presentation / Budget Public Hearing
December 4, 2023Mayor and Council Budget Priorities Discussion
March 1, 2024
Proposed FY 2025 Budget and Capital Improvements Program Posted to the City's Website
March 4, 2024
Introduction of Proposed FY 2025 Budget and Capital Improvements Program
March 18, 2024
Budget Worksession / Budget Public Hearing
April 8, 2024
Budget Worksession / Budget Public Hearing
April 12, 2024
Close of Community Survey and Budget Public Record
April 15, 2024
Budget Worksession
May 6, 2024
Adoption of FY 2025 Budget and Capital Improvements Program


Fiscal Year 2024 Adopted Budget

The FY 2024 Operating Budget and Capital Improvements Program (CIP) was adopted by the Mayor and Council on May 15, 2023. The FY 2024 adopted operating budget totals $157.2 million for the City’s 10 operating funds. This represents an overall increase of 5.6 percent from the FY 2023 budget. The FY 2024 budget uses resources wisely and focuses on a number of Mayor and Council priorities, including fiscal sustainability, a commitment to capital investments, and the ongoing implementation of adopted plans. The budget maintains flat real and personal property tax rates, implements the City’s new water and sewer utility rates, includes a modest increase of $24 per year for the refuse and recycling rate, and an $8 per equivalent residential unit (ERU) increase in the stormwater management fee.

Fiscal Year 2024 Adopted Budget (PDF)

Fiscal Year 2015 to Adopted 2024 Budget Detail (Excel)

Water and Sewer Rates

The Mayor and Council commissioned a study of the City of Rockville’s utility rate structure in FY20. Staff selected a nationally renowned consulting firm to provide recommendations for creating a new rate structure that creates three customer classes based on the cost of water and sewer service. The rates and rate structure were adopted by the Mayor and Council on November 15, 2021, and took effect on January 1, 2022.

Past Budgets

Financial Reports