CDDs approve FY2010 budgets

After months of revisions, the Lakewood Ranch Community Development Districts all approved their proposed FY2010 budgets today during a continuation of the Aug. 20 board meeting. 

CDD 1 unanimously approved a proposed budget of $1,575,600 with an annual special assessment amount of $1,475,600, resulting in about a .2% to .5% decrease. 

CDD 2 voted 4-1, with Kathleen Grant dissenting, in favor of a proposed budget of $2,435,980 with an annual special assessment amount of $2,092,480, resulting in a decrease of more than 2.1%. 

CDD 5 unanimously approved a proposed budget of $1,984,650 with an annual special assessment amount of $1,639,370, resulting in a 2.7% decrease. 

Finally, CDD 4 voted unanimously in favor of a proposed budget of $1,600,085 with an annual special assessment amount of $1,557,085, resulting in a 3% increase of $18-31. 

For a complete story on today's Lakewood Ranch Community Development District board meeting, pick up the Sept. 17 issue of The East County Observer.