Rockville’s Mayor and Council begin wrapping up budget deliberations this month with their final scheduled public hearing and work sessions before the scheduled adoption of the Fiscal Year 2024 budget.
The budget, which covers the fiscal year that begins July 1, is scheduled for adoption on Monday, May 8.
The proposed FY 2024 operating budget of $156.4 million is a 5.1% increase over the FY 2023 adopted budget. The general fund budget, which supports the largest portion of the operating budget, is $100.7 million, an 8% increase.
The city’s current real property tax rate of $0.292 per $100 of assessed valuation would remain the same for FY24. All residential and commercial property owners pay this tax. Rockville has not increased its property tax rate since 1995.
Find video of the city manager’s proposed budget presentation with the Feb. 27 meeting listing at www.rockvillemd.gov/AgendaCenter.
Offer Your Ideas
- Using the budget survey, in English, simplified Chinese, French, Korean and Spanish at www.rockvillemd.gov/budget.
- At a public hearing during the Mayor and Council meeting on Monday, April 17.
FY24 Budget at-a-Glance Calendar
- Monday, April 17: Public hearing and work session.
- Friday, April 21: Close of budget survey and budget public record.
- Monday, May 1: Work session.
- Monday, May 8: Adoption of the FY24 operating budget and Capital Improvements Program.
- Saturday, July 1: FY24 begins.
Note: Budget calendar dates are subject to change.
For information about how to testify at hearings, find agendas, posted the week before each date at www.rockvillemd.gov/AgendaCenter. Meetings are broadcast on channel 11 on county cable, livestreamed at www.rockvillemd.gov/rockville11, and available a day after each meeting at www.rockvillemd.gov/videoondemand.
To review the proposed budget, visit www.rockvillemd.gov/budget.