HomeMy WebLinkAboutSubmittal-Marie Gouin-Budget PowerPoint PresentationSubmitted into the public
record for item(s) 8I-J • 2
on4rJ22J2O22, City Clerk
FISCAL YEAR
2022-23
BUDGET
PUBLIC HEARING
Serving, enhancing, and transforming our community
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Submitted into the public
record for item(s) $H•2
on 4/242o2 z, City Clerk
Millage and Property Tax
FY 2021-22 TOTAL ADOPTED
MILLAGE RATE 7.9900 MILLS
General Operations: 7.6665
General Obligation Debt: 0.3235
FY 2022-23 TOTAL
PROPOSED MILLAGE RATE
7.8774 MILLS
General Operations: 7.5539
General Obligation ❑ebt: 0.3235
Total Assessed Value
$275,381
Average ftomesteud
$500,000
$1,000,000
•
FY 2022-23 Taxes 7.8774
$ 2,169
$3,939
$7,877
FY 2021-22 Taxes 7.9900
$2,200
$3,995
$7,990
Submitted into the public
record for item(s) /31-j.2
on f/22J202.2., City Clerk
Operating Millage and Rolled -back Rate
• The operating millage rate is 7.5539 mills
• The rolled -back rate is 6.8725 mills
• The operating millage of 7.5539 is 9.91 percent higher than the state -defined rolled -back rate of 6.8725 mills
• "Rolled -back rate" - The millage rate which will provide the same property tax revenues as was levied during
the previous fiscal year, exclusive of levies on new construction, additions to structures, deletions, and
property added due to geographic boundary changes
Submitted into the public
record for item(s) $ H. 2
on Q f / c 22., City Clerk
Property Taxes
Regional
Taxing Authorities
9[
M is mi Dade
County
24c
Miamillade
Public Schools
34C
Allocation of Each Dollar Paid in Property
Taxes - FY 2022-23
City of Miami
Operating
354
City of Miami
Debt
Ic
Submitted into the public
record for item(s) SH. 2.
on 1/242o2Z, City Clerk
City of Miami — Two Budgets Every Year
The City adopts two budgets every year -
an Operating Budget and a Capital Budget.
The City's Proposed Operating Budget for
FY 2022-23: $1,512,019,000
The City's Proposed Capital Budget for
FY 2022-23: $981,470,000
with $48,292,000 newly appropriated.
Submitted into the public
record for items) 8H. Q-
on q J2Zfs4922 , City Clerk
Office of Management and Budget
FISCAL YEAR
PROPOSED
2022.23
BUDGET IN BRIEF
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FISCAL YEAR
PROPOSED
2022.23
CAPITAL BUDGET
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Submitted into the public
record for item(s) $H 0
on `tJ 2.o2.?.-, City Clerk
FISCAL YEAR
2022-23
THANK YOU
Serving, enhancing, and transforming our community