HomeMy WebLinkAboutR-24-0284City of Miami
Resolution R-24-0284
Legislation
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 16343 Final Action Date: 7/25/2024
A RESOLUTION OF THE MIAMI CITY COMMISSION COMPUTING A
PROPOSED MILLAGE RATE FOR THE CITY OF MIAMI ("CITY") FOR THE
FISCAL YEAR BEGINNING OCTOBER 1, 2024, AND ENDING SEPTEMBER
30, 2025; AUTHORIZING AND DIRECTING THE CITY MANAGER TO SUBMIT
BOTH SAID PROPOSED MILLAGE RATE OF 7.3900 MILLS AND THE
STATUTORILY DEFINED ROLLED BACK MILLAGE RATE OF 6.4447 MILLS
TO THE MIAMI-DADE COUNTY PROPERTY APPRAISER AND THE MIAMI-
DADE COUNTY TAX COLLECTOR TOGETHER WITH THE DATES, TIMES,
AND LOCATION OF THE CITY'S PUBLIC BUDGET HEARINGS AT WHICH
THE CITY COMMISSION WILL CONSIDER THE PROPOSED MILLAGE RATE
AND THE CITY'S TENTATIVE BUDGET FOR SAID FISCAL YEAR.
WHEREAS, Section 200.065, Florida Statutes ("Statute"), sets forth requirements for the
"Truth in Millage" ("TRIM") notice and requires each taxing authority to establish a proposed
millage rate and to determine the statutorily defined rolled back millage rate; and
WHEREAS, said proposed millage rate will reflect the levy necessary to fund the City of
Miami's ("City") tentative budget other than the portion of the budget to be funded from sources
other than ad valorem taxes; and
WHEREAS, the proposed millage and the date, time, and location of the City's first
public budget hearings ("First Public Budget Hearing") to consider the millage rate and proposed
budget must be submitted to the Miami -Dade County ("County") Property Appraiser and the
County Tax Collector and is not binding but is necessary for preparation of TRIM notices; and
WHEREAS, the Statute defines the "rolled back millage rate" as a millage rate which,
with certain specified exclusions, will provide the same ad valorem tax revenue for each taxing
authority as was levied during the prior year less the amount, if any, paid or applied as a
consequence of an obligation measured by the dedicated increment value; those exclusions are
"new construction, additions to structures, deletions, increases in the value of improvements
that have undergone a substantial rehabilitation which increased the assessed value of such
improvements by at least one hundred percent (100%), property added due to geographic
boundary changes, total taxable value of tangible personal property within the jurisdiction in
excess of one hundred fifteen percent (115%) of the previous year's total taxable value, and any
dedicated increment value"; and
WHEREAS, Section 200.065(2)(d), Florida Statutes, requires that the tentative millage
rate, the statutorily defined rolled back millage rate, the final budget, and the date, time, and
place of the second public budget hearing ("Second Public Budget Hearing") must be advertised
within fifteen (15) days of the First Public Budget Hearing;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
City of Miami Page 1 of 2 File ID: 16343 (Revision:) Printed On: 7/29/2024
File ID: 16343 Enactment Number: R-24-0284
Section 1. The recitals and findings contained in the Preamble to this Resolution are
adopted by reference and incorporated as if fully set forth in this Section.
Section 2. A proposed millage rate for the City for the Fiscal Year beginning October 1,
2024, and ending September 30, 2025, is hereby computed as follows:
General Operating Millage
Debt Service Millage
Total Millage Rate
7.1364
0.2536
7.3900
Section 3. The State of Florida statutorily defined rolled -back millage rate for the
purpose of funding the Fiscal Year 2024-2025 General Operating Budget for the City is 6.4447
mills.
Section 4. The City's First Public Budget Hearing at which the City Commission will
consider the proposed millage rate and the City's tentative budget for said fiscal year is hereby
set for Saturday, September 7, 2024, at 10:00 A.M. in the City Commission Chambers at City
Hall, 3500 Pan American Drive, Miami, Florida, or at such other time, date, location, as
otherwise allowed by Florida laws.
Section 5. The City's Second Public Budget Hearing at which the City Commission will
consider the tentative millage rate, the statutorily defined rolled back millage rate, and the final
budget for said fiscal year is hereby set for Thursday, September 26, 2024, at 5:05 P.M. in the
City Commission Chambers at City Hall, 3500 Pan American Drive, Miami, Florida, or at such
other time, date, location, as otherwise allowed by Florida laws.
Section 6. The City Manager is hereby authorized' and directed to submit both said
proposed millage rate and the statutorily defined rolled back millage rate for the City to the
County Property Appraiser and to the County Tax Collector together with the date, time, and
place at which the City Commission will hold the First Public Budget Hearing and the Second
Public Budget Hearing.
Section 7. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.2
APPROVED AS TO FORM AND CORRECTNESS:
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1 The herein authorization is further subject to compliance with all legal requirements that may be
imposed, including but not limited to, those prescribed by applicable City Charter and City Code
provisions.
2 If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days
from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective
immediately upon override of the veto by the City Commission.
City of Miami Page 2 of 2 File ID: 16343 (Revision:) Printed on: 7/29/2024