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j.hns r. <br />St ver <br />Water Management District <br />Ann 8. Shortelle, Ph.D., Executive Director <br />4049 Reld Street • P.O. Box 1429 • Palatka, FL 32178-1429 • (386) 329-4500 <br />On the Internet at floridaswater.com. <br />September 22, 2015 <br />The Honorable Rick Scott, Governor <br />State of Florida <br />The Capitol <br />400 South Monroe Street <br />Tallahassee, FL 32399-0001 <br />Subject: St. Johns River Water Management District <br />Final Budget for Fiscal Year 2015-2016 <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 <br />quality in springs and priority water bodies, such as the St. Johns River. The final 0.3023 millage <br />rate (rolled -back rate) is approximately 4.5 percent less than the current year's tax rate and is <br />projected to provide $82.8 million in revenue. <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 />