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Gaithersburg council adopts FY2026 budget, holds tax rates steady
Summary
The Gaithersburg Mayor and Council on May 5 approved the city's fiscal year 2026 budget and kept the ad valorem tax rates unchanged at 26.2 cents per $100 of assessed value for real property and 53 cents per $100 for personal property; the vote was 5-0.
The Gaithersburg Mayor and Council adopted the city's fiscal year 2026 budget on May 5 and set the ad valorem tax rates at 26.2 cents per $100 of assessed value for real property and 53 cents per $100 for personal property, unchanged from the prior year. The ordinance passed on a 5-0 vote.
Janice (Director of Finance Administration) told the council the ordinance "establishes the City budget which provides a complete financial plan including anticipated revenues and proposed…
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