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HomeMy WebLinkAboutSummary Form SRDate: 9/16/2013 AGENDA ITEM SUMMARY FORM FILE ID: 3 ' bog `4 5 Requesting Department: Management and Budget Commission Meeting Date: 9/26/2013 District Impacted: All Type: ❑ Resolution ® Ordinance ❑ Emergency Ordinance ❑ Discussion Item ❑ Other Subject: Establishing the FY 2013-14 Millage Rates Purpose of Item: Law Department Matter ID No. To establish millage rate for the fiscal year ending September 30, 2014 at: General Operating: 7.6148 0.8162 8.4310 Debt Service: Total Millage: Background Information: The proposed FY 2013-14 millage rates for the City of Miami (General Operating and Debt Service) are outlined below: The proposed City of Miami FY 2013-14 Operating millage rate is 7.6148 mills which is 9.69 percent above the state -defined rolled -back rate. The proposed City of Miami FY 2013-14 Debt Service millage rate is 0.8162 mills. This item passed 3-2 on first reading at the September 12, 2013 Commission meeting. 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. Direct � �� /3 Chief City ManageroL.D Page 1 of 1