Budget

Rockville’s Mayor and Council Adopt $138.9 Million Budget

The Mayor and Council adopted the Fiscal Year (FY) 2020 operating budget and Capital Improvements Program on May 6, 2019. The FY 2020 operating budget of $138.9 million is an increase of 2% over the FY 2019 operating budget. The general fund budget, which supports the largest portion of the operating budget, is $84.2 million, a 2.2% increase. The city’s current tax rates of $0.292 per $100 of assessed valuation for real property and $0.805 per $100 of assessed valuation for personal property will remain the same for FY20. All residential and commercial property owners pay the real property tax.

The adopted budget includes increases to average residential bills for water and sewer. These rate increases are necessary to repair and replace aging water and sewer pipes and other infrastructure vital to providing these services, and for required payments to the Washington Suburban Sanitary Commission related to a regional wastewater treatment plant. For the city’s water and sewer customers, water rates for a residential property with a 3/4-inch meter and 16,000 gallons of usage will increase approximately 5.4%. Sewer rates for the same property will increase 6.9%. Recycling and trash service will remain at $445 per household per year. The stormwater management rate will remain at $132 per year.

The Adopted FY 2020 budget will be available by July 1, 2019.

Below are two links for the Proposed FY 2020 budget. The first link is the complete budget document in .pdf format. The second link is a Microsoft Excel spreadsheet that contains detailed revenue and expense data for fiscal years 2015 through 2020. 

Fiscal Year 2020 Proposed Budget Fiscal Years 2015-2020 Budget Detail

Financial Reports