Lakewood Ranch IDA adopts FY 2014 budget

The Lakewood Ranch Inter-District Authority Board unanimously adopted today a 2014 Fiscal Year budget that is 1.3% lower than last year.

Highlights of the $3.1 million budget include operations and maintenance staffing increases, though Town Hall staff will decrease overall.

The IDA will also continue to fund improvements to information technology and security and Town Hall asset repairs and replacement.

“This is a prudent, sound budget that we feel continues to provide services to residents while keeping costs down,” said Steve Zielinski, Town Hall chief financial officer.

Revenues for the IDA budget are collected primarily through Lakewood Ranch Community Development District contributions. CDDs 1, 2, 4, 5 and 6 will adopt their 2014 Fiscal Year budgets next month.

Contact Josh Siegel at [email protected].