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Business News September 8, 2008  RSS feed

SRWMD Governing Board approves draft 2008-09 budget

SRWMD Governing Board approves draft 2008-09 budget

LIVE OAK, FL, September 10, 2008 – The Suwannee River Water Management District governing board approved the draft FY 2008-09 Work Plan and Budget at its meeting Tuesday in Live Oak.

The proposed FY 2008-09 budget calls for a proposed millage rate of 0.4399 mills, or about 44 cents per $1,000 of assessed property value. This rate remains unchanged from FY 2007-08.

The total proposed budget is $72.1 million, a 12 percent decrease from FY 2007-08 budget of $81.9 million.

A final public hearing on the 2008-09 budget will be held on Tuesday, September 23 at 5:30 p.m. at District headquarters in Live Oak. Following public comment the governing board will adopt a final budget.