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Gaithersburg adopts FY27 budget, keeps property tax rate steady
Summary
The Gaithersburg Mayor and Council adopted the city’s FY27 budget May 4, keeping the ad valorem tax rate unchanged and adjusting CIP and stormwater project timing; the package includes modest revenue updates and reserves funding for several capital projects.
The Gaithersburg Mayor and Council adopted the city’s fiscal year 2027 budget Monday night, keeping the ad valorem tax rate unchanged at 26.2 cents per $100 of assessed value for real property and 53 cents per $100 for personal property.
Director of Finance Janice Hartman said the adopted ordinance incorporates recent updates: an anticipated $500,000 increase in building permit revenue tied to local development projects, a $25,000 grant for a Maryland…
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