LID 15 Continues to Lower Taxes
On September 16, the LID 15 Board of Directors lowered the District’s 2024 tax rate to $0.26 (per $100 of assessed value). This is a $0.04, or 13%, reduction compared to the 2022 tax rate, and it will lower the average homeowner’s tax bill by $96. Over the past ten years, LID 15 has reduced the total tax rate by 67%. These decisions by the LID 15 Board of Directors continue to reflect their commitment to the District’s Mission Statement:
“Our Mission, is a COMMITMENT to provide the HIGHEST quality flood plain reclamation, flood protection, detention and outfall drainage for the community in the most cost-effective manner.”
Grants for Hurricane Beryl Recovery
LID 15 is currently working on grant requests with the Federal Emergency Management Agency (FEMA) and United States Department of Agriculture (USDA) National Resources Conservation Service (NRCS). These federal grant programs will reimburse 75% of eligible costs related to Hurricane Beryl recovery. LID 15 is now complete with emergency tree removals, but hundreds of damaged trees still need to be removed from the bayous and creeks around Riverstone. The estimated cost of all storm debris removal is several hundred thousand dollars, so LID 15 is working closely with FEMA and USDA to minimize the ultimate cost to taxpayers. However, to be eligible for reimbursement some recovery work cannot begin until the grants are awarded and the necessary approvals are still pending. LID 15 will update residents as soon as grants are approved and a schedule to complete all Hurricane Beryl recovery is finalized.