Budget

Fiscal Year 2023 Proposed Budget is NOW AVAILABLE

The FY 2023 Proposed Operating Budget and Capital Improvements Program is scheduled to be presented to the Mayor and Council on February 28, 2022. The approved FY23 budget calendar includes additional public hearings and budget work sessions scheduled for March and April. The budget adoption is scheduled for May 9, 2022. 

NEW 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 will take effect on January 1, 2022. 

Fiscal Year 2022 Budget

The Fiscal Year (FY) 2022 adopted operating budget totals $141.2 million for the City’s 11 operating funds. This represents an overall increase of less than 1 percent from the FY 2021 budget. The FY22 budget was prepared approximately one year into the COVID-19 pandemic. Due to the financial pressures on the Rockville community as a result of the pandemic, the adopted budget includes no increases in real or personal property tax rates, a six-month delay in adjustments to the City’s water and sewer utility rates, a modest increase of $14 per year for the refuse and recycling rate, and no increase in the stormwater management fee.

Fiscal Year 2022 Adopted Budget (PDF)

Fiscal Year 2015 to 2023 Budget Detail

Past Budgets