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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #16400 Date: 07/19/2024 Commission Meeting Date: 09/07/2024 Requesting Department: Downtown Development Authority Sponsored By: District Impacted: Type: Discussion Item Subject: Discussion - DDA Proposed Millage & Tentative Budget FY'25 Purpose of Item: Discussion of tentative millage rate and proposed budget for the Downtown Development Authority of the City of Miami ("Miami DDA"). Background of Item: Discussion of tentative millage rate, proposed millage rate was approved on the July 25th, 2024, City Commission Meeting, and proposed budget for the Miami DDA. 5.7% is the current year's tentative rate as a percent change of the rolled -back rate. 0.4505 mills is the tentative millage rate, and 0.4262 mills is the rollback rate. Budget Impact Analysis Item is Related to Revenue Item is NOT an Expenditure Item is NOT funded by Bonds Total Fiscal Impact: N/A Downtown Development Authority Office of Management and Budget Office of Management and Budget City Manager's Office City Commission Christina Crespi Pedro Lacret Marie Gouin Arthur Noriega V Maricarmen Lopez Reviewed B Department Head Review Budget Analyst Review Budget Review City Manager Review Meeting Completed Completed Completed Completed Completed 07/19/2024 2:29 PM 07/29/2024 9:18 AM 08/06/2024 8:47 PM 08/07/2024 5:33 PM 09/07/2024 10:00 AM