Loading...
HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM Second Reading File ID: #4629 Date: 08/09/2018 Commission Meeting Date: 09/27/2018 Type: Ordinance Subject: Adopt Millage FY'19 - City of Miami Purpose of Item: Requesting Department: Office of Management and Budget Sponsored By: District Impacted: Various To establish the millage rates for the fiscal year ending September 30, 2019 (FY 2018- 19) at: General Operating Debt Service Total Millage Rate 7.5865 0.4435 8.0300 Background of Item: The City of Miami FY 2018-19 Proposed Operating Budget, as presented on July 09, 2018, contains the following recommended millage rate: General Operating 7.5865 Debt Service 0.4435 Total Millage Rate 8.0300 On July 26, 2018, the City Commission approved the millage caps as proposed above by Resolution No. R-18-0333 A five- year history of millage rates shows a steady overall decline: FY 2014-15 FY 2015-16 FY 2016-17 FY 2017-18 FY 2018- 19 General Operating 7.4365 Debt Service 0.4435 Total Millage Rate 8.3850 8.0300 7.6465 7.5865 0.7385 8.3351 7.6465 7.6465 0.6886 0.6435 0.5935 8.2900 8.0300 Proposed For the City Commission's reference, every tenth mill will generate approximately $4.685 million for the City of Miami General Fund in the next fiscal year. City of Miami File ID: 4629 (Revision: 8) Printed On: 4/3/2025 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 26, 2018 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: $355,210,000 Operating and $22,483,000 Debt Office of Management and Budget City Manager's Office Legislative Division City Manager's Office Office of the City Attorney Office of the City Attorney City Commission Office of Management and Budget Legislative Division Office of the City Attorney Office of the City Attorney City Commission Office of the Mayor Office of the City Clerk Office of the City Clerk Reviewed B Christopher M Rose Sandra Bridgeman Valentin J Alvarez Nikolas Pascual Valentin J Alvarez Victoria Mendez Nicole Ewan Christopher M Rose Valentin J Alvarez Valentin J Alvarez Victoria Mendez Nicole Ewan Mayor's Office City Clerk's Office City Clerk's Office Department Head Review Assistant City Manager Review Legislative Division Review City Manager Review Deputy City Attorney Review Approved Form and Correctness Meeting Department Head Review Legislative Division Review Deputy Ciyt Attorney Review Approved Form and Correctness Meeting Completed Completed Completed Completed Skipped Completed Completed Completed Completed Skipped Completed Completed Signed by the Mayor Completed Signed and Attested by the City Clerk Completed Rendered Completed 08/29/2018 11:36 AM 09/04/2018 12:57 PM 09/04/2018 1:32 PM 09/04/2018 2:57 PM 09/04/2018 5:04 PM 09/04/2018 5:49 PM 09/13/2018 5:05 PM 09/18/2018 4:54 PM 09/18/2018 5:55 PM 09/18/2018 5:54 PM 09/18/2018 6:05 PM 09/27/2018 5:05 PM 09/27/2018 10:38 PM 09/27/2018 10:41 PM 09/27/2018 10:42 PM City of Miami File ID: 4629 (Revision: B) Printed On: 4/3/2025 City of Miami Legislation Ordinance Enactment Number:13789 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 4629 Final Action Date: 9/27/2018 AN ORDINANCE OF THE MIAMI CITY COMMISSION, PROPOSING A FINAL MILLAGE RATE FOR AD VALOREM TAXATION PURSUANT TO SECTION 200.065, FLORIDA STATUTES (2018), 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, 2018 AND ENDING SEPTEMBER 30, 2019; CONTAINING A SEVERABILITY CLAUSE, AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, Section 200.065, Florida Statutes (2018), sets forth the method of computing, proposing, and fixing a millage rate for ad valorem taxation; and WHEREAS, for the purposes of this Ordinance, 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, 2018, the Miami -Dade County Property Appraiser ("PA"), pursuant to Section 200.065(1), Florida Statutes (2018), certified to the City the preliminary taxable value within its territorial limits, set at $53,357,105,033; and WHEREAS, the City prepared a tentative budget for the fiscal year ("Fiscal Year") beginning October 1, 2018 and ending September 30, 2019, 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, the Miami City Commission enacted Resolution R-18-0333, wherein it directed the City Manager to submit to the PA 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 (2018); and WHEREAS, on September 13, 2018, the City held a public hearing, as required pursuant to Section 200.065(2)(c), Florida Statutes (2018), where the City Commission adopted a total tentative millage rate of 8.0300 mills pursuant to first reading of this proposed Ordinance; 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 Ordinance 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 City of Miami File ID: 4629 (Revision: 8) Printed On: 4/3/2025 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, 2018 and ending September 30, 2019 computed as follows for the purposes of: 7.5865 mills to fund the General Operating Budget; and 0.4435 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 purpose of funding the General Operating Budget is 9.47% greater than the rolled -back rate of 6.9301 mills. Section 4. If any section, part of a section, paragraph, clause, phrase or word of this Ordinance is declared invalid, the remaining provisions of the Ordinance shall not be affected. Section 5. This Ordinance shall be effective as of October 1, 2018, after final reading and adoption thereof.' APPROVED AS TO FORM AND CORRECTNESS: ndez, City Attor ey 9/4/2018 1 If the Mayor does not sign this Ordinance, 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 Ordinance, it shall become effective immediately upon override of the veto by the City Commission. City of Miami File ID: 4629 (Revision: B) Printed On: 4/3/2025