HomeMy WebLinkAboutSummary Form FR/SRDate: / /
AGENDA ITEM SUMMARY FORM
FILE ID: i} 6 - c' 1jSa
Requesting Department: OSPBP
Commission Meeting Date: 9/12/2006 District Impacted:
Type: ❑ Resolution ® Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Establishing FY 2006-2007 Millage Rate
Purpose of Item:
To establish millage rates for the fiscal year ending September 30, 2007 ("FY 07") at:
General Operating: 8.3745
Debt Service: 0.6210
Total Millage: 8.9955
Background Information:
The proposed FY 07 millage rates for the City of Miami (General Operating and Debt Service) are
outlined below:
General Operating - The proposed FY 07 millage rate for the City of Miami is 8.3745, which is lower
than the current fiscal year rate by .125 or 1.5%. This proposed rate is higher that the rolled back rate
of 6.99675 by 19.69%. Total of all non -voted AD Valorem Taxes, proposed to be levied, are more
than the current year Aggregate Rolled Back Taxes by $46,967,558.
Debt Service - The proposed FY 07 debt service millage rate for the City of Miami is .6210, which is
lower than the current fiscal year by .144 mills or 18.8%.
Budget Impact Analysis
Is this item related to revenue?
Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No:
Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
Final Approvals
(SIGN AND DATE)
CIP Budget
IIl�itt8'4fi relying ��P���-funds
Grants Risk Manage
Purchasing Dept. Director
Chief City Manager
Page 1 of 1