HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #2808
Date: 08/10/2017
Commission Meeting Date: 09/19/2017
Requesting Department: Office of
Management and Budget
Sponsored By:
District Impacted: Various
Type: Resolution
Subject: Adopt Tentative Millage FY '18 - City of Miami
Purpose of Item:
To establish the millage rates for the fiscal year ending September 30, 2018 (FY 2017-
18
at:
General Operating 7.4365
Debt Service 0.5935
Total Millage Rate 8.0300
Background of Item:
The City of Miami FY 2017-18 Proposed Operating Budget, as presented on July 07, 2017,
contains the following recommended millage rate:
General Operating
Debt Service
Total Millage Rate
7.4365
0.5935
8.0300
On July 27, 2017, the City Commission approved the millage caps as proposed above by
Resolution No. R-17-0383
A five- year history of millage rates shows a steady overall decline:
FY 2013-14 FY 2014-15 FY 2015-16 FY 2016-17 FY 2017-18
Proposed
General Operating
Debt Service
Total Millage Rate
7.6148
0.8162
8.4310
7.6465
0.7385
8.3850
7.6465
0.6886
8.3351
7.6465
0.6435
8.2900
7.4365
0.5935
8.0300
For the City Commission's reference, every tenth mill will generate approximately $4.3 million
for the City of Miami General Fund in the next fiscal year.
Florida Statute Section 200.065 governs the setting the millage rates, adoption of budget, and
the timeframes required of each. It requires that the City of Miami advise the Property Appraiser
of its proposed millage within 35 days of the July 1st certification of value so that the information
can be included in the notice of proposed property taxes mailed to property owners in August.
The same statute governs the timeframes for the first and second budget hearings. The first
hearing must be held between 65 and 80 days of the same July 1 certification of value, which is
no earlier than September 4 and no later than September 19. The City must then hold a second
budget hearing with enough time to provide the final budget and millage rates to the property
appraiser, tax collector, and State of Florida Department of Revenue by October 1.
Effectively, the tentative millage adopted on July 27, 2017 represents the upper limit for the
millage rates to be considered in September. The Commission may lower the general operating
millage rate at either of the two budget hearings, but effectively cannot raise it above what is
adopted in July. State law allows for this possibility, but it cannot be practically achieved within
the timeframes provided in state law. According to the Property Appraiser's Office, this re -
noticing of millage rates has not been accomplished even once in the history of the State of
Florida.
Budget Impact Analysis
Item is Related to Revenue
Item is NOT funded by Bonds
Total Fiscal Impact:
$353,954,000
Office of Management and Budget
Office of Management and Budget
City Manager's Office
City Manager's Office
Legislative Division
Office of the City Attorney
Office of the City Attorney
City Commission
City Commission
Office of the Mayor
Office of the City Clerk
Reviewed B
Everton Garvis
Christopher M Rose
Fernando Casamayor
Fernando Casamayor
Marta Gomez
Barnaby L. Min
Victoria Mendez
Nicole Ewan
Nicole Ewan
Mayor's Office
City Clerk's Office
Budget Analyst Review
Department Head Review
Assistant City Manager Review
City Manager Review
Legislative Division Review
Deputy City Attorney Review
Approved Form and Correctness
Meeting
Meeting
Signed by the Mayor
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Signed and Attested by the City Clerk Completed
08/10/2017 9:52 AM
08/14/2017 9:57 AM
08/16/2017 4:15 PM
08/16/2017 4:15 PM
08/25/2017 6:33 PM
08/30/2017 10:53 AM
09/01/2017 9:40 AM
09/14/2017 5:05 PM
09/19/2017 5:05 PM
09/19/2017 7:33 PM
09/19/2017 7:35 PM
City of Miami
Legislation
Resolution
Enactment Number: R-17-0446
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 2808 Final Action Date:9/19/2017
A RESOLUTION OF THE MIAMI CITY COMMISSION PROPOSING A TENTATIVE
MILLAGE RATE FOR AD VALOREM TAXATION PURSUANT TO SECTION 200.065,
FLORIDA STATUTES (2017); DEFINING AND DESIGNATING THE TERRITORIAL
LIMITS FOR THE CITY OF MIAMI ("CITY"); LEVYING AN AD VALOREM TAX ON ALL
REAL AND PERSONAL PROPERTY IN THE CITY AT A TOTAL TENTATIVE RATE
OF 8.0300 MILLS ON THE DOLLAR OF THE TAXABLE VALUE OF SUCH
PROPERTY FOR THE PURPOSES OF FUNDING THE GENERAL OPERATING
BUDGET AND PAYMENT OF DEBT SERVICE FOR THE FISCAL YEAR BEGINNING
OCTOBER 1, 2017 AND ENDING SEPTEMBER 30, 2018; CONTAINING A
SEVERABILITY CLAUSE; AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, Section 200.065, Florida Statutes (2017), sets forth the method of
computing, proposing, and fixing a millage rate for ad valorem taxation; and
WHEREAS, for the purposes of this Resolution, the City of Miami ("City") is defined as
all of the territory and inhabitants within the area defined in Section 2 of the Charter of the City,
entitled "Corporate Limits", and more specifically described in Exhibit "A" of the Charter, on file
in the Office of the City Clerk; and
WHEREAS, on July 1, 2017, the Miami -Dade County Property Appraiser ("Appraiser"),
pursuant to Section 200.065(1), Florida Statutes (2016), certified to the City the preliminary
taxable value within its territorial limits, set at $49,621,309,999; and
WHEREAS, the City prepared a tentative budget for the Fiscal Year beginning October 1,
2017 and ending September 30, 2018 and computed a total proposed millage rate of 8.0300,
which is necessary to fund the tentative budget other than the portion of the budget to be funded
from sources other than ad valorem taxes; and
WHEREAS, on July 27, 2017, the Miami City Commission enacted Resolution No. R-17-
0383, wherein it directed the City Manager to submit to the Appraiser and Miami -Dade County
Tax Collector the total proposed millage rate of 8.0300 mills, together with the required
information set forth in Section 200.65(2)(b), Florida Statutes (2016); and
WHEREAS, pursuant to Section 200.065(2)(c), Florida Statutes (2017), the City
Commission is required to hold a public hearing on the tentative budget and the proposed
millage rate and such public hearing has occurred earlier today in this meeting;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are
adopted by reference and incorporated herein as if fully set forth in this Section.
Section 2. There shall be levied an ad valorem tax on all real and personal property in
the City at a total tentative rate of 8.0300 mills on the dollar of the taxable value of such property
for the Fiscal Year commencing October 1, 2017 and ending September 30, 2018, computed as
follows:
7.4365 mills to fund the General Operating Budget
0.5935 mills to provide for the payment of maturing principal, interest, charges, and
requirements related to voter approved indebtedness.
Section 3. The tentative millage rate herein adopted for the purpose of funding the
General Operating Budget is 4.84% greater than the rolled -back rate of 7.0934 mills.
Section 4. If any section, part of a section, paragraph, clause, phrase, or word of this
Resolution is declared invalid, the remaining provisions of the Resolution shall not be affected.
Section 5. This Resolution shall be effective as of October 1, 2017 after final reading and
adoption thereof.
APPROVED AS TO FORM AND CORRECTNESS:
ndez, ity Attor ey 9/1/2017
1 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.