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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #6515 Date: 09/13/2019 Commission Meeting Date: 09/26/2019 Requesting Department: Office of Management and Budget Sponsored By: District Impacted: Various Type: Discussion Item Subject: Discussion - Public Comment on Final Millage and Budget Purpose of Item: To allow discussion and public comment on the Final FY 2019-20 Millage Rate, Final Budget, and all other budget items on the agenda. Background of Item: The FY 2019-20 Proposed Operating and Capital Budgets were provided to the Elected Officials, posted on the City's website, and filed with the Office of the City Clerk on July 3, 2019. On September 12, 2019 both the Tentative General Operating millage rate of 7.9900 mills and the Operating Budget were approved. The Final General Operating Millage rate of 7.9900 mills for the City of Miami for the Fiscal Year beginning October 1, 2019 and ending September 30, 2020 is 4.59 percent higher than the State Defined Rolled -Back Rate of 7.2341 mills. Budget Impact Analysis Item is Related to Revenue Item is an Expenditure Item has NO budget impact Total Fiscal Impact: Reviewed B Office of Management and Budget Christopher M Rose Department Head Review Completed 09/16/2019 5:34 PM City Manager's Office Sandra Bridgeman Assistant City Manager Review Completed 09/17/2019 1:37 PM City Manager's Office Nikolas Pascual City Manager Review Completed 09/17/2019 3:06 PM City Commission Maricarmen Lopez Meeting Completed 09/26/2019 5:05 PM