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HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM FILE ID: 11--0 5,Q Date: 8/16/2011 Commission Meeting Date: 9/15/2011 Requesting Department: Management & Budget District Impacted: All Type: n Resolution ® Ordinance ❑ Emergency Ordinance Discussion Item ❑ Other Subject: Establishing FY 2011-2012 Millage Rate Purpose of Item: Law Department Matter ID No. To establish millage rate for the fiscal year ending September 30, 2012 ("FY12") at: General Operating: 7.5710 Debt Service: 0.9300 Total Millage: 8.5010 Background Information: The proposed FY 2011- 2012 millage rates for the City of Miami (General Operating and Debt Service) are outlined below: General Operating — The proposed FY 2011-2012 millage rate for the City of Miami is 7.5710, which is the rollback rate. Debt Service — The proposed FY 2011-2012 debt service millage rate for the City of Miami is 0.9300, which is lower than the current fiscal year by 0.0401 mills or 4.1%. 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 (SIGN AND DATE) CIP Budget If using or receiving capital funds Grants Risk Management Purchasing Dept. Director Chief City Manager Or,_ ork Page 1 of 1