HomeMy WebLinkAboutM-01-0934E
G
Public hearing to discuss the Fiscal Year 2001-02 Budget:
n.J
A. THE PROPOSED GENERAL OPERATING MILLAGE RATE OF 8.9950
FOR THE CITY OF MIAMI FOR THE FISCAL YEAR BEGINNING
OCTOBER 1, 2001 AND ENDING SEPTEMBER 30, 2002 IS 8.49%
HIGHER THAN THE ROLLED BACK RATE OF 8.2909.
B. SPECIFIC PURPOSE FOR WHICH AD VALOREM TAX REVENUES ARE
BEING INCREASED.
RESPONSE: TO ELIMINATE THE ANNUAL STRUCTURAL DEFICIT
MATCHING RECURRING ANNUAL EXPENSES WITH RECURRING
ANNUAL REVENUES AND TO ABSORB THE EXCLUSION OF THE
PARKING SURCHARGE REVENUE DUE TO PENDING LEGAL
APPEALS AND LEGISLATIVE INITIATIVES.
PURPOSE: TO FUND ANNUAL MUNICIPAL SERVICES INCLUDING
BUT NOT LIMITED TO, POLICE, FIRE, AND SOLID WASTE AND TO
ABSORB THE EXCLUSION OF THE PARKING SURCHARGE REVENUE
DUE TO PENDING LEGAL APPEALS AND LEGISLATIVE INITIATIVES.
COST %
$10,805,185 100%
C. CITY COMMISSION LISTENS AND RESPONDS TO CITIZENS'
COMMENTS REGARDING THE PROPOSED MILLAGE RATE.
D. ACTIONS BY THE COMMISSION:
1. AMEND THE TENTATIVE BUDGET, IF NECESSARY
2. RECOMPUTE THE PROPOSED MILLAGE RATE, IF NECESSARY
3. ADOPT THE TENTATIVE MILLAGE RATE
4. ADOPT THE TENTATIVE BUDGET OR THE AMENDED TENTATIVE
BUDGET AS NECESSARY
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