HomeMy WebLinkAboutExhibit DBUDGET SUMMARY
The Downtown Development Authority of the City of Miami, Florida
Fiscal Year 2021-2022
THE PROPOSED OPERATING BUDGET EXPENDITURES OF
THE DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI
ARE 28.1% MORE THAN LAST YEAR'S TOTAL OPERATING EXPENDITURES
Revenue Sources
Ad Valorem Tax Levy
Reimbursements
Reserve and Carryover
0.4681 Millage per $1000
GENERAL FUND
$ 10,610,000
2,095,000
Total Revenues 12,705,000
Total Revenues and Balances
1,403,000
14,108, 000
Operating Expenditures
General Expenses 4,047,000
Leadership, Advocacy and Operations 1,057,500
Urbanism 5,820,000
Enterprise 2,653,000
Total Operating Expenditures 13,577,500
Fund Balances and Reserves 530,500
Total Expenditures, Reserves, and Balances 14,108,000
The tentative, adopted, and/or final budgets are on file in the office of the
above referenced taxing authority as a public record.
NOTICE OF PROPOSED TAX
INCREASE
The Downtown Development Authority of the City
of Miami, Florida has tentatively adopted a
measure to increase its property tax levy.
Last year's property tax levy:
A. Initially proposed tax levy 10,579,996
B. Less tax reductions due to Value 380,137
Adjustment Board and other
assessment changes
C. Actual property tax levy 10,199,859
This year's proposed tax levy 10,601,570
All concerned citizens are invited to attend a
public hearing on the tax increase to be held on:
September 23rd, 2021
5:05 P.M.
City Hall, City Commission Chambers
3500 Pan American Drive
Miami, Florida, 33133
A FINAL DECISION on the proposed tax
increase and the budget will be made at this hearing.