The Southwest Florida Water Management District’s (District) Governing Board adopted a proposed fiscal year 2018 millage rate of 0.3131 mill, 5.6 percent lower than the current fiscal year.

For the owner of a $150,000 home with a $50,000 homestead exemption, the District tax would be $31.31 a year, or about $2.61 per month. The fiscal year runs from Oct. 1, 2017, through Sept. 30, 2018.

The total fiscal year 2018 proposed budget for the District is $181.6 million. The proposed budget includes more than $77 million for Cooperative Funding Initiatives and District grants. District funds leveraged with partners cost sharing will result in a total regional investment of over $151 million for sustainable alternative water supply development and other water resource management projects.

The District will hold a tentative budget hearing on Sept. 12 at 5:01 p.m. at the Tampa Service Office, located at 7601 U.S. Highway 301.

The Governing Board will vote on the final budget on Sept. 26 at 5:01 p.m., at the Tampa Service Office.