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i <br /> St. ohns River <br /> Nater Management District <br /> Mn B.Shortelle,Ph.D.,Executive Director <br /> 4049 Reid Street • P.O. Box 1429 • Palatka, FL 32178-1429 • (386)329-4500 <br /> On the Internet at fioridaswater.com. <br /> September 22, 2015 <br /> The Honorable Rick Scott, Governor <br /> State of Florida <br /> i <br /> The Capitol <br /> 400 South Monroe Street <br /> Tallahassee, FL 32399-0001 <br /> I�Subject: St. Johns River Water Management District <br /> Final Budget for Fiscal Year 2015-2016 i <br /> Dear Governor Scott: <br /> In accordance with Section 373.536,Florida Statutes,the St. Johns River Water Management <br /> District(District)respectfully submits its Final Budget for Fiscal Year(FY) 2015-2016. <br /> The FY 2015-2016 Final Budget effectively allocates fiscal and staff resources in a manner that <br /> will achieve the District's core mission responsibilities for water supply, water quality, natural <br /> systems and flood protection. <br /> The FY 2015-2016 Final Budget is $169.4 million. The District's Governing Board on <br /> September 22,2015, reduced the millage rate for taxpayers for a third consecutive year, while ' <br /> expanding partnership programs to conserve water,develop water supplies and protect water f <br /> quality in springs and priority water bodies, such as the St. Johns River. The final 0,3023 millage I <br /> rate(rolled-back rate)is approximately 4.5 percent less than the current year's tax rate and is ;I <br /> projected to provide$82.8 million in revenue. II <br /> The final budget includes a net increase of$7.4 million over the Tentative Budget submitted on <br /> August 1,resulting in an additional $4.5 million in expenditures for the Acquisition, Restoration <br /> and Public Works Program, $2.8 million for the Operation and Maintenance of Lands and Works <br /> .Program and$0.1 million for the Regulation Program. These net increases are funded through <br /> various funding sources, including District, State, Local and Federal. The final budget reflects a <br /> reduction of$6.5 million through early retirement of debt,making the District debt free and <br /> saving taxpayers more than$200,000 in interest payments. <br /> l-t3 <br />