HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #11987
Date: 05/17/2022
Commission Meeting Date: 07/28/2022
Type:
Subject:
Requesting Department: Office of
Management and Budget
Sponsored By:
District Impacted: All
Resolution
Setting FY 2022-23 Millage Rate Cap
Purpose of Item:
To establish millage rate caps for the fiscal year ending September 30, 2023 at:
General Operating 7.6665
Debt Service 0.3235
Total Millage Rate 7.9900
And to set the Budget Hearing dates as follows:
First Budget Hearing- Saturday, September 10, 2022 at 10:00 am
Second Budget Hearing- Thursday, September 22, 2022 at 5:05 pm
Background of Item:
See attached.
Budget Impact Analysis
Item is Related to Revenue
Item is NOT funded by Bonds
Total Fiscal Impact:
General Fund $480.06 Million, Debt Service (GOB) $22.67 Million
Reviewed By
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 City Attorney
Office of the Mayor
Office of the City Clerk
Office of the City Attorney
Office of the City Clerk
Marie Gouin
Fernando Casamayor
Arthur Noriega V
Valentin J Alvarez
Richard Appleton
Victoria Mendez
Nicole Ewan
Valentin J Alvarez
Richard Appleton
Mayor's Office
City Clerk's Office
Victoria Mendez
City Clerk's Office
Department Head Review Completed
Assistant City Manager Review Completed
City Manager Review Completed
Legislative Division Review Completed
ACA Review Completed
Approved Form and Correctness Completed
Meeting Completed
Legislative Division Review Completed
ACA Review Completed
Signed by the Mayor Completed
Signed and Attested by the City Clerk Completed
Approved Form and Correctness with Modification(s)
Rendered Completed
05/17/2022 6:52 PM
05/19/2022 6:09 PM
05/23/2022 6:28 PM
05/24/2022 11:52 AM
07/18/2022 4:50 PM
07/19/2022 10:46 AM
07/28/2022 9:00 AM
07/29/2022 5:07 PM
08/03/2022 6:45 PM
08/05/2022 1:58 PM
08/05/2022 2:16 PM
Completed
08/08/2022 5:04 PM
City of Miami
Legislation
Resolution
Enactment Number: R-22-0286
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 11987 Final Action Date:7/28/2022
A RESOLUTION OF THE MIAMI CITY COMMISSION COMPUTING A PROPOSED
MILLAGE RATE FOR THE CITY OF MIAMI ("CITY") FOR THE FISCAL YEAR
BEGINNING OCTOBER 1, 2022 AND ENDING SEPTEMBER 30, 2023;
AUTHORIZING AND DIRECTING THE CITY MANAGER TO SUBMIT BOTH SAID
PROPOSED MILLAGE RATE AND THE STATUTORILY DEFINED ROLLED BACK
MILLAGE RATE TO THE MIAMI-DADE COUNTY PROPERTY APPRAISER AND THE
MIAMI-DADE COUNTY TAX COLLECTOR TOGETHER WITH THE DATES, TIMES,
AND LOCATION OF THE CITY'S PUBLIC BUDGET HEARINGS AT WHICH THE CITY
COMMISSION WILL CONSIDER THE PROPOSED MILLAGE RATE AND THE CITY'S
TENTATIVE BUDGET FOR SAID FISCAL YEAR.
WHEREAS, Section 200.065, Florida Statutes ("Statute"), sets forth requirements for the
"Truth in Millage" ("TRIM") notice and requires each taxing authority to establish a proposed
millage rate and to determine the statutorily defined rolled back millage rate; and
WHEREAS, said proposed millage rate will reflect the levy necessary to fund the City of
Miami's ("City") tentative budget other than the portion of the budget to be funded from sources
other than ad valorem taxes; and
WHEREAS, the proposed millage and the date, time, and location of the City's first
public budget hearings ("First Public Budget Hearing") to consider the millage rate and proposed
budget must be submitted to the Miami -Dade County ("County") Property Appraiser and the
County Tax Collector and is not binding but is necessary for preparation of TRIM notices; and
WHEREAS, the Statute defines the "rolled back millage rate" as a millage rate which,
with certain specified exclusions, will provide the same ad valorem tax revenue for each taxing
authority as was levied during the prior year less the amount, if any, paid or applied as a
consequence of an obligation measured by the dedicated increment value; those exclusions are
"new construction, additions to structures, deletions, increases in the value of improvements
that have undergone a substantial rehabilitation which increased the assessed value of such
improvements by at least one hundred percent (100%), property added due to geographic
boundary changes, total taxable value of tangible personal property within the jurisdiction in
excess of one hundred fifteen percent (115%) of the previous year's total taxable value, and any
dedicated increment value"; and
WHEREAS, Section 200.065(2)(d), Florida Statutes, requires that the tentative millage
rate, the statutorily defined rolled back millage rate, the final budget, and the date, time, and
place of the second public budget hearing ("Second Public Budget Hearing") must be advertised
within fifteen (15) days of the First Public Budget Hearing;
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 as if fully set forth in this Section.
Section 2. A proposed millage rate for the City for the Fiscal Year beginning October 1,
2022 and ending September 30, 2023 is hereby computed as follows:
General Operating Millage
Debt Service Millage
Total Millage Rate
7.5539
0.3235
7.8774
Section 3. The State of Florida statutorily defined rolled -back millage rate for the
purpose of funding the Fiscal Year 2022-23 General Operating Budget for the City is 6.8725
mills.
Section 4. The City's First Public Budget Hearing at which the City Commission will
consider the proposed millage rate and the City's tentative budget for said fiscal year is hereby
set for Saturday, September 10, 2022 at 10:00 A.M. in the City Commission Chambers at City
Hall, 3500 Pan American Drive, Miami, Florida, or at such other time, date, location, as
otherwise allowed by Florida laws.
Section 5. The City's Second Public Budget Hearing at which the City Commission will
consider the tentative millage rate, the statutorily defined rolled back millage rate, and the final
budget for said fiscal year is hereby set for Thursday, September 22, 2022 at 5:05 P.M.in the
City Commission Chambers at City Hall, 3500 Pan American Drive, Miami, Florida, or at such
other time, date, location, as otherwise allowed by Florida laws.
Section 6. The City Manager is hereby authorized' and directed to submit both said
proposed millage rate and the statutorily defined rolled back millage rate for the City to the
County Property Appraiser and to the County Tax Collector together with the date, time, and
place at which the City Commission will hold the First Public Budget Hearing and the Second
Public Budget Hearing.
Section 7. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.2
APPROVED AS TO FORM AND CORRECTNESS:
ndez, City Attor ey ) 7/19/2022
1 The herein authorization is further subject to compliance with all legal requirements that may be
imposed, including but not limited to, those prescribed by applicable City Charter and City Code
provisions.
2 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.