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HomeMy WebLinkAboutLegislation-SUBTHIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT THE END OF THIS DOCUMENT. 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 reference and incorporated as if fully set forth in this Section. Section 2. A proposed millage rate for the City for the Fiscal Year ending September 30, 2023 is hereby computed as follows: General Operating Millage Debt Service Millage Total Millage Rate 7.5539 0.3235 7.8774 this Resolution are adopted by -Y, r beginning October 1 022 d o _.{ N� - ,:; ►fie --4 T M N IIg87 LqsIvi3ug THIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT THE END OF THIS DOCUMENT. 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? ' 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. WHEREAS, the proposed milla public budget hearings ("First Public budget must be submitted to the Mi County Tax Collector and is not bi WHEREAS, the Statut with certain specified exclusi authority as was levied dur consequence of an oblig "new construction, add' that have undergone improvements by a boundary change excess of one dedicated inc City of Miami Resolution Legislation File Number: 11987 City Hall 3500 Pan American Drive Miami, FL 33 3 www.miamig.com Final tion Date: A RESOLUTION OF THE MIAMI CITY COMMISSION COMPUTIN PROPOSED MILLAGE RATE FOR THE CITY OF MIAMI ("CITY" FISCAL YEAR BEGINNING OCTOBER 1, 2022 AND ENDING 2023; AUTHORIZING AND DIRECTING THE CITY MANAG BOTH SAID PROPOSED MILLAGE RATE AND THE STAT ROLLED BACK MILLAGE RATE TO THE MIAMI-DADE APPRAISER AND THE MIAMI-DADE COUNTY TAX C WITH THE DATES, TIMES, AND LOCATION OF TH HEARINGS AT WHICH THE CITY COMMISSION PROPOSED MILLAGE RATE AND THE CITY'S T SAID FISCAL YEAR. WHEREAS, Section 200.065, Florida Statutes "Truth in Millage" ('TRIM") notice and requires each millage rate and to determine the statutorily define A FOR THE EPTEMBER 30, TO SUBMIT TORILY DEFINED UNTY PROPERTY LECTOR TOGETHER ITY'S PUBLIC BUDGET L CONSIDER THE TATIVE BUDGET FOR tatute"), sets forth requirements for the ing authority to establish a proposed olled back millage rate; and WHEREAS, said proposed millage rate '1II reflect the levy necessary to fund the;CitF Miami's ("City") tentative budget other than th portion of the budget to be funded frorwrourc other than ad valorem taxes; and _i -<� N c c.J1 and the date, time, and location of the City's first get Hearing") to consider the millage rate anc1:,*�po ed i-Dade County ("County") Property Appraiser ari ttlle a? ing but is necessary for preparation of TRIM notices5' nd �1 N efines the "rolled back millage rate" as a millage rate whh, s, will provide the same ad valorem tax revenue for each taxing g the prior year less the amount, if any, paid or applied as a ion measured by the dedicated increment value; those exclusions are ons to structures, deletions, increases in the value of improvements substantial rehabilitation which increased the assessed value of such east one hundred percent (100%), property added due to geographic , total taxable value of tangible personal property within the jurisdiction in ndred fifteen percent (115%) of the previous year's total taxable value, and any ment value"; and W' REAS, Section 200.065(2)(d), Florida Statutes, requires that the tentative millage rate, th- tatutorily defined rolled back millage rate, the final budget, and the date, time, and place ' the second public budget hearing ("Second Public Budget Hearing") must be advertised with fifteen (15) days of the First Public Budget Hearing; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF IAMI, FLORIDA: City of Miami Page 1 of 2 File ID: 11987 (Revision:) Printed On: 7/25/2022 SUBSTITUTED File ID: 11987 Enactment Number: Section 1. The recitals and findings contained in the Preamble to this Resolutio 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 beginni 2022 and ending September 30, 2023 is hereby computed as follows: General Operating Millage Debt Service Millage Total Millage Rate 7.6665 0.3235 7.9900 October 1, Section 3. The State of Florida statutorily defined rolled-bac illage rate for the purpose of funding the Fiscal Year 2022-23 General Operating Bud . -t for the City is 6.8725 mills. Section 4. The City's First Public Budget Hearing at w► ch the City Commission will consider the proposed millage rate and the City's tentative b .get for said fiscal year is hereby set for Saturday, September 10, 2022 at 10:00 A.M. in the Ity Commission Chambers at City Hall, 3500 Pan American Drive, Miami, Florida, or at suc► other time, date, location, as otherwise allowed by Florida laws. Section 5. The City's Second Public Budge , earing at which the City Commission will consider the tentative millage rate, the statutorily • -fined rolled back millage rate, and the final budget for said fiscal year is hereby set for Thur- •ay, September 22, 2022 at 5:05 P.M.in the City Commission Chambers at City Hall, 3500 an American Drive, Miami, Florida, or at such other time, date, location, as otherwise allow d by Florida laws. Section 6. The City Manager is reby authorized' and directed to submit both said proposed millage rate and the statutori defined rolled back millage rate for the City to the County Property Appraiser and to th ounty Tax Collector together with the date, time, and place at which the City Commissio ill hold the First Public Budget Hearing and the Second Public Budget Hearing. Section 7. This Reso ion shall become effective immediately upon its adoption and signature of the Mayor.2 APPROVED AS TO FO AND CORRECTNESS: 7/19/2022 .1▪ 11 rrt �o - tom ern 3-.0 rn ' The ' rein authorization is further subject to compliance with all legal requirements that may be imp.:ed, including but not limited to, those prescribed by applicable City Charter and City Code pr. isions. 2 the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days om 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. City of Miami Page 2 of 2 File ID: 11987 (Revision:) Printed on: 7/25/2022