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Rockville introduces $175 million FY2026 budget, keeps property tax rate flat
Summary
City Manager Geoff Mahalik presented the proposed FY2026 operating and capital budget totaling about $175 million, listing priorities including $1 million for a Housing Opportunities Fund, $10 million for Vision Zero and pedestrian improvements, and no increase to the city property tax rate.
Rockville City Manager Geoff Mahalik on March 17 presented the City’s proposed fiscal year 2026 operating and capital budget, saying the plan totals roughly $175,000,000 and keeps the city’s property tax rate unchanged.
The proposal, which the council introduced for further review, includes $33.8 million in new capital appropriations for 65 projects, a $9.8 million general fund transfer to the capital program, and $1,000,000 set aside to seed a Housing Opportunities Fund. “The budget really includes a total expenditure of $175,000,000 across 10 funds. It's a 3.9% increase overall from last year,” Mahalik said during the meeting.
Why it matters: the budget frames the city’s priorities for the coming year and funds…
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