The Southwest Florida Water Management District has adopted a tax rate for the 2016-17 fiscal year that’s about 4.9 percent lower than the current rate.
The proposed rate for the new fiscal year, which begins Oct. 1, is about 33 cents per thousand dollars of assessed, taxable value.
The current SWIFTMUD tax rate is about 35 cents per thousand dollars of assessed, taxable value. For the owner of a $150,000 home with a $50,000 homestead exemption, the district tax would be $33 a year, or about $2.76 per month.
The money collected from property taxes will be used to fund the proposed $180.1 million SWIFTMUD budget. The proposed budget includes more than $67 million for cooperative funding initiatives and district projects. The district is one of five regional agencies authorized by state law to protect and preserve water resources within its boundaries. Established in 1961 to operate and maintain several large flood protection projects, SWIFTMUD’s responsibilities have expanded to include managing water supply and protecting water quality and the natural systems — rivers, lakes, wetlands and associated uplands.
SWIFTMUD covers 11 counties and portions of five other counties.
SWIFTMUD has scheduled a tentative budget hearing at 501 p.m. Sept.13.The governing board will vote on the final budget at 5:01 p.m. Sept. 27 Both meetings will be at the Tampa Office, 7601 Hwy, 301.