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Rockville News

Posted on: May 17, 2016

Rockville’s Mayor and Council Adopt $126.3 Million Budget

Property Tax Rate Remains Constant for the Ninth Consecutive Year

Rockville, Md., May 17 – Rockville residents will pay the same property tax rate in Fiscal Year 2017 as they did last year, after the Mayor and Council on Monday approved a budget that keeps the property tax rate steady for the ninth consecutive year.

Rockville’s FY17 operating budget equals $126.3 million. Budget highlights include support for improvements to city parks and facilities to comply with the Americans with Disabilities Act (ADA), additional summer camps at the Twinbrook Community Recreation Center and enhanced programming and support services for the city’s senior population. The budget also includes a 1 percent cost-of-living adjustment and a performance-based merit or step increase for all eligible employees.

The FY17 budget represents a 2.3 percent, or $2.9 million, increase over the Fiscal Year 2016 budget. The general fund, which supports the largest portion of the operating budget, equals $77.2 million, a 3.5 percent increase. The 2017 fiscal year begins July 1 and ends June 30, 2017.

Property tax rates will remain $0.292 for real property and $0.805 for personal property. Both of these rates are per $100 of assessed value. The FY17 budget continues the city’s supplement to the State of Maryland’s Homeowner’s Tax Credit, which provides real property tax credits to low- to moderate-income homeowners for taxes due on their principal residence.

The adopted budget includes increases to average residential bills for water, sewer and stormwater management, under plans previously approved by the Mayor and Council. The budget also includes an increase of $24 per year for recycling and refuse services. Based on the adopted FY17 rates, the average annual residential bills for city utilities for a family of four will increase by $112.30, or 8 percent.

The Capital Improvements Program (CIP), the city’s five-year plan for funding new construction and infrastructure maintenance, includes $22.1 million in new funding, combined with a carryover of $45.6 million to support 49 projects. It includes funding for:

  • Repairing and stabilizing the King Farm Farmstead dairy barns.
  • Improvements to make parking at Glenview Mansion comply with ADA standards.
  • The design of locker room renovations at the Rockville Swim and Fitness Center.
  • Rehabilitation of the Rockville Skate Park.
  • Upgrades to traffic signals at East Jefferson Street and Rollins Avenue.
  • Road and sidewalk repair and replacement.

The Mayor and Council heard from the public during three public hearings in March and April, and received written comments through April 25.

To learn more about the city’s FY17 budget, visit www.rockvillemd.gov/budget or call the Finance Department at 240-314-8400.

# # #

MEDIA CONTACT:
Marylou Berg
Director of Communication
240-314-8105
mberg@rockvillemd.gov

Learn more about the budget.
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