For the fourth time in the past five years, most Gateway homeowners will see a double-digit increase in assessments from the Gateway Services CDD.
The first version of the GSCDD’s fiscal 2018 budget calls for the majority of homeowners to pay $517.74 in assessments to the district. That represents an increase of 18.17% ($79.63) over FY2017.
From FY2016 to FY2017 assessments jumped 17.88%, on top of a 10.91% increase from FY2015 to FY2016.
FY2014 to FY2015 saw a modest increase of 3.45%, while FY2013 to FY2014 saw the district increase assessments by 10.74%.
Added up, Gateway homeowners have seen their GSCDD assessments increase 77% from $292.40 in FY2013 to the proposed $517.74 in FY2018.
The proposed assessments were approved by the Board of Supervisors on June 15, however they could see changes before being finalized. The district is hosting a public hearing on the budget on August 17 at the GSCDD office building located at 13240 Griffin Drive.
On December 26, 2016 I predicted that FY2018 assessments would increase 18%. Maybe I should stop letting the computer pick my Mega Millions numbers.
There are numerous factors involved in this record assessment increase, most notably the Lake Bank Restoration Project. And believe it or not, you could see your assessments driven up an additional $100-$200 over the next few years.
It stands to reason that with all the residential and commercial growth in Gateway, assessment increases should begin to slow down somewhat.
The number of EAUs in Gateway has increased from 6051.18 in FY2016 to 6200.74 in FY2018.
That’s good news, because as the number of EAUs increases the cost burden of operating Gateway is spread out among more and more property owners.
The bad news is that for the first time ever, your “taxes” to live in Gateway will be over $500 per year. We’ll be digging through the budget to let you know what the GSCDD plans to spend all that money on.
On another note, as you probably noticed — the Gateway Sun has resumed GSCDD coverage.
I am also employing a new format that will feature raw data, stats, facts and quotes in the first section of the article, with analysis and commentary in the second section.