Budget

NEW 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 until April 21, 2023. The City of Rockville invites its community members to submit a budget priorities survey.

Community Budget Priorities Survey


NEW Fiscal Year 2024 Budget Calendar

The Fiscal Year (FY) 2024 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 and will be updated if any changes occur.

 
FY 2024 Budget Calendar
October 17, 2022 Mayor and Council Budget Priorities Discussion / Budget Public Hearing
October 25, 2022Community Budget Priorities Survey Available
November 21, 2022Budget Practices and Policies Discussion
December 12, 2022Mayor and Council Budget Priorities and Survey
February 17, 2022Proposed FY 2024 Budget and Capital Improvements Program Posted to the City's Website
February 27, 2023Introduction of Proposed FY 2024 Budget and Capital Improvements Program
March 6, 2023Budget Worksession / Budget Public Hearing
March 20, 2023Budget Worksession   
April 17, 2023Budget Worksession / Budget Public Hearing
April 21, 2023Close of Community Survey and Budget Public Record
May 1, 2023Budget Worksession   
May 8, 2023Adoption of FY 2024 Budget and Capital Improvements Program 



Fiscal Year 2023 Budget

The Fiscal Year 2023 adopted operating budget totals $148.8 million for the City’s 11 operating funds. This represents an overall increase of 5.4 percent from the FY 2022 budget. The FY 2023 budget uses resources wisely and focuses on several Mayor and Council priorities, including implementation of the Comprehensive Plan, environmental sustainability and Climate Action Plan, Vision Zero, economic development, and financial sustainability and pandemic recovery. The adopted budget includes no increases in real or personal property tax rates, implementation of the City’s new water and sewer utility rates, a modest increase of $20 per year for the refuse and recycling rate, and a $6 per equivalent residential unit (ERU) increase in the stormwater management fee.

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. 

Fiscal Year 2023 Adopted Budget (PDF)

Fiscal Year 2015 to 2023 Budget Detail

Past Budgets

Financial Reports