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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #14644 Date: 09/14/2023 Commission Meeting Date: 12/11/2023 Requesting Department: Office of Management and Budget Sponsored By: District Impacted: All Type: Discussion Item Subject: Discussion - Public Comment - Millage Rate, Final Budget FY'24 Purpose of Item: To allow discussion and public comment on the Final FY 2023-24 Millage Rate, Final Budget, and all other Budget items on the agenda. Background of Item: The FY 2023-24 Proposed Operating and Capital Budgets were provided to the Elected Officials, posted on the City's website, and filed with the Office of the City Clerk on July 27, 2023. On September 9th, 2023 both the Tentative General Operating Millage rate of 7.4846 and the Operating Budget were approved. The Final General Operating Millage rate of 7.4843 for the City of Miami for the Fiscal Year beginning October 1, 2023 and ending September 30, 2024 is 13.30 percent greater than the State Defined Rolled - Back Rate of 6.6055 mills. Budget Impact Analysis Item is Related to Revenue Item is an Expenditure Total Fiscal Impact: Total Fiscal Impact: $ 1,633,659,000 General Account No: Various Special Revenue Account No: Various Office of Management and Budget City Manager's Office City Manager's Office City Commission City Commission Marie Gouin Larry M. Spring Arthur Noriega V Nicole Ewan Maricarmen Lopez Reviewed B Department Head Review Assistant City Manager Review City Manager Review Meeting Meeting Completed 09/14/2023 7:17 PM Completed 09/18/2023 9:08 AM Completed 09/18/2023 9:24 AM Completed 09/28/2023 5:05 PM Completed 12/11/2023 5:05 PM