For the seventh year in a row, the Southwest Florida Water Management District's (District) Governing Board voted to decrease property taxes by adopting a rolled back millage rate of 0.3131 mill for the fiscal year 2018 budget.
The millage rate is more than 5.6 percent lower than the current fiscal year adopted millage rate of 0.3317 mill, a savings to taxpayers of $6.7 million.
For the owner of a $150,000 home with a $50,000 homestead exemption, the District tax would be $31.31 a year, or about $2.61 per month.
The total fiscal year 2018 budget for the District is $183.7 million, and includes more than $79.7 million for Cooperative Funding Initiatives and District grants. Through cooperative funding partnerships, District funds are matched up to 50 percent and will result in a total regional investment of more than $151 million for sustainable alternative water supply development and other water resource management projects. The fiscal year runs from Oct. 1, 2017 through Sept. 30, 2018.
The millage rate is more than 5.6 percent lower than the current fiscal year adopted millage rate of 0.3317 mill, a savings to taxpayers of $6.7 million.
For the owner of a $150,000 home with a $50,000 homestead exemption, the District tax would be $31.31 a year, or about $2.61 per month.
The total fiscal year 2018 budget for the District is $183.7 million, and includes more than $79.7 million for Cooperative Funding Initiatives and District grants. Through cooperative funding partnerships, District funds are matched up to 50 percent and will result in a total regional investment of more than $151 million for sustainable alternative water supply development and other water resource management projects. The fiscal year runs from Oct. 1, 2017 through Sept. 30, 2018.