SFWMD Board Passes Aggressive 2018-2019 Budget with Good News for Taxpayers
The South Florida Water Management District (SFWMD) Governing Board on Tuesday approved the District’s $813.9 million budget for fiscal 2018-2019, which begins Oct. 1.
“This budget invests millions in flood control to protect 8.1 million South Florida residents through maintenance and improvements to our flood control system,” said Governing Board Vice Chair Melanie Peterson. “Additionally, it provides a significant investment to restore Florida’s Everglades through the funding of construction projects. The budget also rewards our employees for their hard work and keeps their health insurance premiums from rising. Once again, the District’s budget accomplishes all of this without increasing taxes.”
The Governing Board passed a “rolled back” property tax rate that takes advantage of the increases in property values and new construction to generate tax revenue. The reduced rate for the 15 counties of the Okeechobee Basin is $29.36 for every $100,000 of taxable value, down from $31. The reduced tax rate for the Big Cypress Basin in Collier County is $24.40 for every $100,000 of taxable value, down from $25.45. The budget is also funded by $337.1 million in state funding.
More than half the expenditures under this budget are dedicated to restoration and public works. This includes $146