Budget graphic

LWDD Board Approves Fiscal Year 2015 Budget

Budget reflects investment in flood control technology and infrastructure enhancements

Delray Beach, FL – On September 17, the Lake Worth Drainage District Board of Supervisors unanimously adopted its Fiscal Year 2015 budget. The $14.5 million budget reflects a continued commitment to operate and maintain the District’s flood control system, as well as an increased investment in infrastructure improvements, including technology upgrades to enhance realtime water control operations.

The annual budget includes an assessment increase from $42.00 to $45.00. The assessment increase will be dedicated to capital improvements and rehabilitation of the District’s flood control infrastructure which includes more than 500 miles of canal and 20 major water control structures.

This year, the District will also invest significant resources to develop and implement a telemetry system and automate the operation of 10 major water control structures. This enhanced technology will transmit real-time data and allow water managers remote access to make immediate water supply and flood control decisions.

“This budget demonstrates the Board’s ongoing commitment to protecting our flood control infrastructure while enhancing the level of service to our constituents,” said Board President Harry Raucher.

The budget also reflects key priorities for the board including:

  • Focusing resources on flood control operations and maintenance
  • Realizing efficiencies through technology upgrades and enhancements
  • Leasing equipment and managing fleet to reduce maintenance costs
  • Stabilizing and maintaining administrative expenses in light of increased fuel and
    healthcare costs

The District’s annual budget is supported by an annual non-ad valorem tax which is assessed per acre or a portion thereof to landowners within the agency’s jurisdictional boundaries.

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The Lake Worth Drainage District is an independent special taxing district that manages water resources and provides flood control for an estimated 700,000 residents and several thousand acres of agricultural land in southeastern Palm Beach County.

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Jeffrey P. Phipps Sr. appointed to District Board

Jeffrey P. Phipps Sr. to serve as Sub-District 3 representative

Delray Beach, FL – The Lake Worth Drainage District today voted unanimously to appoint Jeffrey P. Phipps, Sr. to its Board of Supervisors. Mr. Phipps will represent Sub-District 3, which is generally located south of Okeechobee Boulevard and north of Lantana Road, between the Florida Turnpike and Interstate 95.

Mr. Phipps was appointed to fill the seat recently vacated by C. David Goodlett. He will serve the remainder of the calendar year and will be eligible to seek election for a three-year term in January 2015.

Mr. Phipps has served in the financial services industry since 1970. He is currently the lead Wealth Management Advisor of The Phipps Group. Prior to joining Merrill Lynch, he worked with Janney Montgomery Scott and Morgan Stanley. Mr. Phipps holds an MBA from the University of Nebraska, and earned the Accredited Wealth Management Advisor designation from the Wharton School of Business at the University of Pennsylvania.

Mr. Phipps serves as Director of Palm Beach County Medical Society’s Service Board. He is a board member for the Palm Beach County Historical Society and is a member of the Economic Council of Palm Beach County, Inc. He is a former member of the Palm Beach County Business Development Board Executive Committee, as well as the Palm Beach County Zoning Commission and Finance Committee.

Given his extensive financial management background, Mr. Phipps’ focus on the Board is to ensure transparency and accountability in the management of the District’s fiscal resources.

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The Lake Worth Drainage District is an independent special taxing district that manages the water resources and provides flood control for an estimated 700,000 residents and several thousand acres of agricultural land in southeastern Palm Beach County.

 Download this release.