Budget Process
The Town’s budget is based on the Fiscal Year July 1-June 30. The Town Council goes through a rigorous process for developing the annual budget and capital improvement plan. The process starts with the Town Council Annual Retreat to identify priorities for the upcoming fiscal year and beyond. The Town Manager uses this input to develop the Proposed Budget which is formally presented to the Mayor and Town Council in January. This is followed by a number of meetings and a public hearings through March to discuss the General Fund, Utilities Fund, Five-Year Capital Improvement Plan, and Schedule of Fees. The Town Council adopts the schedule of fees and tax rates by April 1st.
- FY 2027 Budget
- FY 2026 Budget
- FY 2025 Budget
- FY 2024 Budget
- FY 2023 Budget
- FY 2022 Budget
- FY 2021 Budget
Financial Policy – Adopted October 23, 2025
On October 23, 2025, the Town Council amended and adopted a Town Financial Policy for managing the Town’s funds.
The Town of Lovettsville has an important responsibility to carefully account for public funds, to manage municipal finances wisely, and to plan and provide for the adequate funding of services desired by the public and as required by laws, rules, or regulations, including the provision and maintenance of public facilities and improvements. The financial goals and policies set forth by Town Council and summarized in this document are intended to establish guidelines for the continued strength and stability of the Town of Lovettsville.