HomeMy WebLinkAboutDiscussion PageBH.1
FINAL PUBLIC HEARING TO DISCUSS THE
PROPOSED MILLAGE RATE AND TENTATIVE BUDGET
FOR FISCAL YEAR 2008-2009
THE PROPOSED GENERAL OPERATING MILLAGE
RATE OF 7.6740 FOR THE CITY OF MIAMI FOR THE
FISCAL YEAR BEGINNING OCTOBER 1, 2008 AND
ENDING SEPTEMBER 30, 2009 IS 3.8% HIGHER THAN
ROLLED -BACK RATE OF 7.3933.
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.
PURPOSE: - TO FUND ANNUAL MUNICIPAL
SERVICES INCLUDING BUT NOT LIMITED TO
POLICE; FIRE, AND SOLID WASTE.
COST
$11,139,505 100%
CITY COMMISSION LISTENS AND RESPONDS TO
CITIZENS' COMMENTS REGARDING THE PROPOSED
MILLAGE RATE.
ACTIONS BY THE CITY COMMISSION:
1. AMEND THE ADOPTED TENTATIVE BUDGET, IF
NECESSARY
2. RECOMPUTE THE FINAL MILLAGE RATE, IF
NECESSARY
3. ADOPT THE FINAL MILLAGE RATE
4. ADOPT THE FINAL BUDGET OR THE AMENDED
FINAL BUDGET AS NECESSARY