HomeMy WebLinkAboutSummary Form SRSecond Reading Ordinance
AGENDA ITEM SUMMARY FORM
FILE ID:
Date: 9/17/2012
Commission Meeting Date: 9/27/2012
/.- 008(p
Requesting Department: Management & Budget
District Impacted: All
Type: n Resolution VI Ordinance n Emergency Ordinance n Discussion Item
n Other
Subject: Establishing FY 2012-2013 Millage Rate
Purpose of Item:
Law Department
Matter ID No.
To establish millage rate for the fiscal year ending September 30, 2013 ("FY13") at:
General Operating: 7.5710
Debt Service: 0.9000
Total Millage: 8.4710
Background Information:
The proposed FY 2012- 2013 millage rates for the City of Miami (General Operating and Debt
Service) are outlined below:
General Operating — The proposed FY 2012-2013 millage rate for the City of Miami is 7.5710, which
is greater than the rolled -back rate of 7.0978 mills by 6.67%.
Debt Service — The proposed FY 2012-2013 debt service millage rate for the City of Miami is 0.9000,
which is lower than the current fiscal year by 0.03 mills or 3.2%.
This Ordinance was adopted on first reading September 13, 2012.
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 IJ
If using or receiving capital funds
Grants Risk Management
Purchasing Dept. Director
Chief City Manager,
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