HomeMy WebLinkAboutForm of NoticeBUDGET SUMMARY
The Downtown Development Authority of
the City of Miami, Florida
Fiscal Year 2024-2025
THE PROPOSED OPERATING BUDGET EXPENDITURES OF
THE DOWNTOWN DEVELOPMENT AUTHORITY OF
THE CITY OF MIAMI ARE 26% MORE THAN LAST YEAR'S
TOTAL OPERATING EXPENDITURES
Revenue Sources
Ad Valorem Tax Levy
Reimbursements
GENERAL FUND
0.4505 Millage per $1000 $ 13,550,000
3,019,490
Total Revenues 16,569,490
Reserve and Carryover
Total Revenues and Balances
Operating Expenditures
5,169,210
21,738,700
General Expenses 3,854,710
Leadership, Advocacy and Operations 2,116,000
Quality of Life & Enhanced Services 7,355,490
Arts, Culture & Entertainment 1,225,000
Urbanism 2,800,000
Business Development 3,710,000
Total Operating Expenditures 21,061,200
Fund Balances and Reserves 677,500
Total Expenditures, Reserves, and Balances 21,738,700
The tentative, adopted, and/or final budgets are on file in
the office of the above referenced taxing authority as a
public record.
NOTICE OF PROPOSED TAX
INCREASE
The Downtown Development Authority of the City
of Miami, Florida has tentatively adopted a
measure to increase its property tax levy.
Last year's property tax levy:
A. Initially proposed tax levy 12,966,277
B. Less tax reductions due to Value
Adjustment Board and other
assessment changes
240,277
C. Actual property tax levy 12,726,000
This year's proposed tax levy 13,545,420
All concerned citizens are invited to attend a
public hearing on the tax increase to be held on:
September 26th, 2024
5:05 P.M.
City Commission Chambers at City Hall
3500 Pan American Drive, Dinner Key
Miami, Florida, 33133
A FINAL DECISION on the proposed tax
increase and the budget will be made at
this hearing.