Rockville Approves $ 136 Million Budget
Property tax rate remains the same in fiscal 2019
The Rockville City Council approved a $136.2 million budget for fiscal 2019 earlier this week.
The budget keeps the property tax rate the same as it has been for the last 10 fiscal years, according to the city.
It provides a 4.5 percent pay increase for most city government employees and represents a 4.6 percent increase, or $5.9 million more, in spending over the fiscal 2018 budget.
The fiscal 2019 budget covers city spending from July 1 to June 30, 2019.
Among new expenditures, the budget includes funding for two full-time police officers, software to track the city’s moderately priced dwelling unit housing program and money to replace flooring at the Twinbrook Community Recreation Center, as well as other items.
City utility costs will rise for residents under the new budget by about 4.3 percent for the average resident—to about $70.78 per year. Revenue from the increased rate will be used to pay for infrastructure costs to deliver water, sewer and stormwater management services to residents, according to the city.
Property tax rates remain at 2.9 cents for real property and 8 cents for personal property per $100 of assessed value in the next fiscal year.
The council also approved Rockville’s five-year capital construction plan, which includes $67.7 million in spending for fiscal 2019. The money will fund projects such as Dogwood Park renovations, replacement of the Israel Park shelter, repairs to the Rockville Metro Station pedestrian bridge and a partnership with Montgomery County to provide a new Rockville home for the KID Museum.
More information about the city’s budget is available on the Rockville website.