HomeMy WebLinkAboutForm of NoticeBUDGET SUMMARY
The Downtown Development Authority
of the City of Miami, Florida
Fiscal Year 2023-2024
THE FINAL OPERATING BUDGET EXPENDITURES OF
THE DOWNTOWN DEVELOPMENT AUTHORITY OF THE
CITY OF MIAMI ARE 8% LESS THAN LAST YEAR'S
TOTAL OPERATING EXPENDITURES
GENERAL FUND
Revenue Sources
Ad Valorem Tax Levy 0.4681 Millage per $1000 $ 12,970,000
Reimbursements 875,000
Total Revenues 13,845,000
Reserve and Carryover 3,501,000
Total Revenues and Balances 17,346,000
Operating Expenditures
General Expenses 4,099,500
Leadership, Advocacy and Operations 1,573,000
Quality of Life & Enhanced Services 3,725,000
Arts, Culture & Entertainment 800,000
Urbanism 2,485,000
Business Development 4,015,000
Total Operating Expenditures 16,697,500
Fund Balances and Reserves 648,500
Total Expenditures, Reserves, and Balances 17,346,000
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 11,516,446
B. Less tax reductions due to Value 144,907
Adjustment Board and other
assessment changes
C. Actual property tax levy 11,371,539
This year's proposed tax levy 12,966,277
All concerned citizens are invited to
attend a public hearing on the tax
increase to be held on:
September 28th, 2023
5:05 P.M.
City Commission Chambers at City Hall
3500 Pan American Drive, Dinner Key
Miami, Florida, 33133
A FINAL DECISION on the proposed tax
increase and the budget will be made
at this hearing.