CEPD approves millage rate, budget for next year
The Captiva Erosion Prevention District’s commission recently adopted an operating millage rate of 0.4291 and budget of $643,450 for the upcoming fiscal year at its second and last budget hearing.
On Sept. 26, commissioners voted unanimously 5-0 for the proposed rate – a 45.7 percent increase from the rolled back rate of 0.2945 – and general fund budget for 2019-2020, which begins on Oct. 1.
A mill is $1 per every $1,000 of taxable valuation. The rolled back rate is the rate it would take to generate the same amount of revenue in the coming fiscal year as was generated in the previous year.
The Lee County Property Appraiser’s Office has certified that the 2019 “gross taxable value for operating purposes not exempt from taxation” on Captiva to the CEPD as $1,472, 016,428.
The approved 2019-2020 budget includes appropriations and revenue.
“The CEPD administration thanks the board of commissioners for approving the 2019-2020 general budget,” Administrator Carolyn Weaver said. “We look forward to working with the board and serving the citizens of Captiva in the upcoming fiscal year.”
At the hearing, an initial vote on the proposed millage rate was approved 4-0 with Chairman Mike Mullins, Vice Chair Michael Lanigan, Secretary Harry Kaiser and Commissioner Dave Jensen voicing support for it. However, Treasurer Bob Walter had to step out of the hearing and did not have a say.
Mullins explained that with Walter’s missing vote, the vote was not “unanimous” across the commission based on procedure. It had the two-thirds needed to approve a rate increase, but it would have to be at a smaller amount than what staff was proposing due it not being “unanimous.”
He suggested that the commission wait for Walter to return to retake the vote.
Upon Walter’s return, Mullins re-explained the situation.
The proposed 0.4291 millage rate earned an unanimous vote the second time.
While waiting for Walter’s return, the other commissioners voted 4-0 to approve the budget.