The 2016 Fiscal Year has come to a close in the city of Rockville and because of their government charter requirements, they published their annual report to highlight where money is going.
“There’s a lot of things going on. One important thing is once again we were reaffirmed with the Triple A bond rating which is huge because it helps the financing of our projects. We’ve refinanced some old debt and that saves us about 1.5 million dollars,” said Rockville City Manager Craig Simoneau.
Other highlights for the city include the first election in Rockville’s history where voters picked a mayor and four council members to serve a 4-year term. Another highlight includes an approved budget for police cameras for police officers and police cars.
Officials say there is some room for improvement. One thing they’re looking forward to for the next fiscal year is hiring police officers and looking at some of their initiatives.
“We have a whole list of mayor and council initiatives. There’s 24 of them so we’re going to be looking at all of those prior initiatives to see what we can and can’t do in the next year,” said Simoneau
The next thing on both the city manager and council’s agenda is working on is the 2018 fiscal year budget and they plan to hold public hearings.
Officials say planning for the 2018 fiscal year budget will start this fall.