HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #2899
Date: 09/20/2017
Commission Meeting Date: 09/28/2017
Requesting Department: Office of
Management and Budget
Sponsored By:
District Impacted: All
Type: Resolution
Subject: Adopt Final Millage Rate for FY 2017-18 - 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
Passed on First Reading at the September 19, 2017 Budget Hearing.
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 and the preliminary millage adopted
on September 19, 2017 represent the upper limit for the millage rates to be considered on
September 28, 2017. 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
Legislative Division
Office of the Mayor
Office of the City Clerk
Office of the City Attorney
Office of the City Attorney
Reviewed B
Everton Garvis
Christopher M Rose
Fernando Casamayor
Daniel J. Alfonso
Maricarmen Lopez
Maricarmen Lopez
Maricarmen Lopez
Nicole Ewan
Valentin J Alvarez
Mayor's Office
City Clerk's Office
Barnaby L. Min
Victoria Mendez
Budget Analyst Review Completed
Department Head Review Completed
Assistant City Manager Review Completed
City Manager Review Completed
Legislative Division Review Skipped
Deputy City Attorney Review Skipped
Approved Form and Correctness Skipped
Meeting Completed
Legislative Division Review Completed
Signed by the Mayor Completed
Signed and Attested by the City Clerk Completed
Deputy Attorney Review Completed
Approved Form and Correctness Completed
09/20/2017 11:39 AM
09/20/2017 1:10 PM
09/20/2017 2:10 PM
09/20/2017 2:55 PM
09/28/2017 12:42 PM
09/28/2017 12:42 PM
09/28/2017 12:42 PM
09/28/2017 5:05 PM
09/29/2017 3:06 PM
09/29/2017 3:37 PM
09/29/2017 3:38 PM
09/29/2017 5:16 PM
09/29/2017 10:30 PM
City of Miami
Legislation
Resolution
Enactment Number: R-17-0474
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 2899 Final Action Date:9/28/2017
A RESOLUTION OF THE MIAMI CITY COMMISSION PROPOSING A FINAL 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 FINAL 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 ("PA"),
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 City Commission enacted Resolution No. R-17-0383,
wherein it directed the City Manager to submit to the PA and the 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, on September 14, 2017, the City held a public hearing, as required pursuant
to Section 200.065(2)(c), Florida Statutes (2017), where the City Commission enacted
Resolution No. R- 17-0446, wherein a total tentative millage rate of 8.0300 mills was adopted;
NOW, THEREFORE, BE IT ORDAINED 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 final total 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 for the purposes of:
7.4365 mills to fund the General Operating Budget; and
0.5935 mills to provide for the payment of maturing principal and interest, and charges
and requirements related thereto, of voter approved indebtedness.
Section 3. The final millage rate herein adopted for the purposes 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 9/29/2017
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.