Tuesday, September 24, 2013

Lake Worth Budget Highlights

Highlights of the FY 2014 budget are:
  • No change in the General Fund millage rate
  • Use of approximately $372,060 of General Fund available fund balance
  • Electric Rates reduction of 4.5%. Rates have decreased each year for the past 3 years - a total of -11.4% for residential (including suspension of the Conservation charge), -12.2% for small Commercial and - 17% for large commercial (demand) customers
  • Reduction in Local Sewer rates of 10% on top of a 10% reduction made mid-year in FY 2013
  • No increases of Water, Garbage or Stormwater rates
The budget includes budgeted funds for Lake Worth 2020 and the Park of Commerce as they are configured at this time, any changes to these plans, as the development of these programs during the year will be incorporated as amendments to the budget at the appropriate time

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