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Rockville adopts $175.5 million FY2026 operating budget and approves consent items; property tax rate unchanged
Summary
At its May 5 meeting the Rockville Mayor and Council adopted the FY2026 budget — a $175.5 million operating plan — and approved routine consent agenda resolutions, keeping property tax rates unchanged.
The Rockville Mayor and Council adopted the Fiscal Year 2026 operating and capital budgets and approved consent‑agenda resolutions on May 5. Finance staff presented a budget ordinance that keeps property tax rates unchanged and funds a $175.5 million operating budget and a $120.7 million capital improvement program (CIP).
City finance staff (Kim Francisco and Stacy Webster) told the council the operating budget represents a 4.2% increase over FY2025 and the CIP is up about 1.1% year‑over‑year. The budget includes modest reserve increases (about $1.1 million of added general‑fund reserves) to provide a cushion against possible revenue shortfalls or cost increases.
Key budge…
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