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Budget
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FY2021 Budget Survey
Public participation in the budget process is a high priority for city staff and the elected body. By completing the FY 2021 Budget Survey you are providing valuable input to the Mayor and Council for their FY 2021 budget discussions.
Important FY 2021 Budget Dates
- December 16 – budget public hearing
- January 13 – budget public hearing
- January 27 – Mayor and Council survey results and priority discussion
- February 24 – presentation of the FY 2021 Proposed Budget
- March 2 – budget public hearing and budget work session
- March 23 – budget public hearing and budget work session
- April 13 – budget work session
- April 17 – close of budget public record
- April 20 – budget work session (only if needed)
- May 4 – adoption of the FY 2021 Operating Budget and Capital Improvements Program
FY 2021 Proposed Budget
The Fiscal Year (FY) 2021 operating budget and Capital Improvements Program is scheduled for adoption on May 4, 2020. The FY 2021 operating budget of $144.2 million is an increase of 3.8% over FY 2020. The General Fund budget, which supports the largest portion of the operating budget, is $86.7 million, a 3.1% 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 are proposed to remain the same for FY21. All residential and commercial property owners pay the real property tax. Rockville has not increased its property tax rates in over 25 years.
The proposed 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 by 5.3%. Sewer rates for the same property will increase by 6.9%. Recycling and trash service will increase by 3.6% or $16 to $461 per household per year. The stormwater management rate will remain at $132 per year.
Fiscal Year 2021 Proposed Budget (PDF)
Fiscal Year 2015-2021 Budget Detail
Past Budgets