HomeMy WebLinkAboutBack-Up DocumentsFIRST BUDGET PUBLIC HEARING ITEM
DISCUSSION OF TENTATIVE MILLAGE RATE AND PROPOSED BUDGET FOR THE MIAMI
DOWNTOWN DEVELOPMENT AUTHORITY.
PERCENTAGE INCREASE IN MILLAGE RATE OVER ROLLED BACK RATE;
RESPONSE: 5.7% INCREASE (0.4505 MILLS IS THE TENTATIVE MILLAGE RATE, 0.4262
MILLS IS THE ROLLBACK RATE).
CITY COMMISSION LISTENS AND RESPONDS TO CITIZENS COMMENTS REGARDING THE
TENTATIVE MILLAGE RATE AND EXPLAINS THE REASONS FOR THE INCREASE OVER
THE ROLL BACK RATE.
ACTIONS BY THE CITY COMMISSION:
1. AMEND THE PROPOSED BUDGET, IF NECESSARY
2. RECOMPUTE THE TENTATIVE MILLAGE RATE, IF NECESSARY
3. ADOPT THE TENTATIVE MILLAGE RATE
4. ADOPT THE AMENDED PROPOSED BUDGET
5. CITY COMMISSION ADOPTS AS IS
Received and approved,
CHRISTINA M. CRESPI
CEO/EXECUTIVE DIRECTOR
DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI