Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget Adoption topic
No spam. Unsubscribe anytime.
Lauderdale Lakes district approves 2025 budget and $50-per-resident tax increase noted
Summary
The board unanimously approved the 2025 budget and tax levy (budget increased to $322,500 from $307,155). The approval followed a motion by Floyd Pochowski and a second by Don Henderson and was recorded as a hand vote.
The Lauderdale Lakes Lake Management District approved its proposed 2025 budget and tax levy by unanimous hand vote. The minutes record the proposed budget rising to $322,500 from $307,155 for 2025; the motion was made by Floyd Pochowski and seconded by Don Henderson.
Treasurer Mike Cochrane had presented the budget numbers during the meeting and noted lending options for the golf-course loan would be more favorable from a state agency (about 6%) compared with bank loans (about 7%). The minutes also noted the district has $183,000 in reserves, approximately $80,000 in fundraising to date and a previously approved $1.2 million loan related to the clubhouse project.
The minutes state that potential pickleball and tennis courts would require separate resident approval and that fundraising and other revenue sources are being pursued to support capital projects.
