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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #16469 Date: 08/05/2024 Commission Meeting Date: 09/07/2024 Requesting Department: Office of Management and Budget Sponsored By: District Impacted: All Type: Discussion Item Subject: Discussion - Public Comment - Proposed MillageTentative Budget FY'25 Purpose of Item: To allow discussion and public comment on the Proposed FY 2024-25 Millage Rate, Tentative Budget, and all other Budget items on the agenda. Background of Item: The Proposed General Operating Millage rate of 7.1364 for the City of Miami for the Fiscal Year beginning October 1, 2024 and ending September 30, 2025 is 10.73 percent greater than the State Defined Rolled -Back Rate of 6.4447 mills. The FY 2024- 25 Proposed Operating and Capital Budgets were provided to the Elected Officials, posted on the City's website, and filed with the Office of the City Clerk on July _, 2024. Budget Impact Analysis Item is Related to Revenue Item is an Expenditure Total Fiscal Impact: Total Fiscal Impact: $ 1,788,381,000 General Account No: Various Special Revenue Account No: Various CIP Project No: N/A Reviewed B Office of Management and Budget Marie Gouin Department Head Review Completed 08/05/2024 10:03 AM City Manager's Office Larry M. Spring Assistant City Manager Review Completed 08/07/2024 10:31 AM City Manager's Office Arthur Noriega V City Manager Review Completed 08/07/2024 5:34 PM City Commission Maricarmen Lopez Meeting Completed 09/07/2024 10:00 AM