HomeMy WebLinkAboutSummary FormDate: 8/29/2005
AGENDA ITEM SUMMARY FORM
FILE ID: 05 - 00
Requesting Department: OSPBP
Commission Meeting Date: 9/8/2005 District Impacted:
Type: ❑ Resolution ® Ordinance ❑ Emergency Ordinance ❑ Discussion Item
El Other
Subject: Establishing FY 2005-2006 Millage Rate
Purpose of Item:
To establish millage rates for the fiscal year ending September 30, 2006 ("FY06") at:
General Operating: 8.4995
Debt Service: 0.7650
Total Millage: 9.2645
Background Information:
The proposed FY06 millage rates for the City of Miami (General Operating and Debt Service) are
outlined below:
General Operating - The proposed FY06 millage rate for the City of Miami is 8.4995, which is lower
than the current fical year rate by .32325 or 3.71 %. This proposed rate is higher that the rolled back
rate of 7.1473 by 18.92%. Total of all non -voted Ad Valorem Taxes, proposed to be levied, are more
than the current year Aggregate Rolled Back Taxes by $37,555,419.
Debt Service - The proposed FY06 debt service millage rate for the City of Miami is .7650, which is
lower than the current fiscal year by .185. mills or 19.5%.
Budget Impact Analysis
YES Is this item related to revenue?
NO Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
Final Approvals
tSIGN AND DATA
CIP Budget
If using or receiving capital funds
Grants Risk nage
Purchasing Dept. Director
Chief City Manager
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