HomeMy WebLinkAboutR-89-0688A RESOLUTION AUTHORIZING THE CITY MANAGER
TO ESTABLISH A PROPOSED MILLAGE RATE FOR
THE CITY OF MIAMI, FLORIDA, FOR THE
FISCAL YEAR BEGINNING, OCTOBER 1, 1989
AND ENDING SEPTEMBER 30, 1990.
WHEREAS, the State Legislature has enacted HB-4D, entitled,
Truth in Millage (TRIM Bill), which requires municipalities to
establish a proposed millage rate; and
WHEREAS, said law stipulates that the proposed millage rate
be submitted to the Property Appraiser and the Tax Collector; and
WHEREAS, said rate will reflect the levy necessary to
realize property tax revenues anticipated in the FY190 Budget;
and
WHEREAS, the proposed millage rate submitted to the Property
Appraiser is not binding but is necessary for the purpose of
preparation of tax notices;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY
OF MIAMI, FLORIDA:
Section 1. The City Manager is hereby authorized to
establish a proposed millage rate for the City of Miami, Florida
for the fiscal year beginning October 1, 1989 and ending
September 30, 1990 as follows:
General Operating 9.5995
Debt Service 2.5337
Total Millage Rate 12.1332
Section 2. The City Manager is instructed to submit said
proposed millage rates for the City of Miami to the Property
Appraiser and the Tax Collector.
JO GE . FWANDEZ
CI Y ' ATTO Y
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C"T OF MIAMI, FLORIDA
Ar INT6R-olr1rICE MEMORANDUM
TO: Honorable Mayor and Members DAM. JUL
of the City Commission
$USJECT: Proposed millage Rates for
a
FY'90
FROM: Cesar H. Cdi REFERENCES.
City Manager
ENCLOSURES:
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Recommendation:
It is recommended that the City Commission approve the fiscal
year 1989-90 proposed millage rates for the City of Miami and
establish meeting dates and times for the first and second public
hearing.
Background:
The proposed FY190 millage rate for the City of Miami is 9.5995
which is the same rate as the current fiscal year. This proposed
rate is 2.61 percent over the rolled back rate.
Debt Service
The proposed FY190 millage rate
Miami is 2.5337 an increase of
of 2.3381 mills.
for Debt Service for the City of
.1956 mills from the current rate
Public Hearing Dates
Recommended Public Hearing dates
follows
Description Date
ist Public Hearing
2nd Public Hearing
for the FY190 Budget are as
September 14, 1989
September 28, 1989
Day
Thursday
Thursday
Tame