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SECOND AND FINAL BUDGET PUBLIC HEARING ITEM
DISCUSSION OF FINAL MILLAGE RATE AND FINAL BUDGET FOR THE DOWNTOWN
DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI (MIAMI DDA).
PERCENTAGE INCREASE IN MILLAGE RATE OVER ROLLED BACK RATE;
RESPONSE: 1.17% INCREASE (0.4312 IS THE FINAL MILLAGE RATE, 0.4262 IS THE
ROLLBACK RATE).
CITY COMMISSION LISTENS AND RESPONDS TO CITIZENS COMMENTS REGARDING THE
FINAL MILLAGE RATE AND EXPLAINS THE REASONS FOR THE INCREASE OVER THE
ROLL BACK RATE.
ACTIONS BY THE CITY COMMISSION:
1. AMEND THE FINAL BUDGET, IF NECESSARY
2. RECOMPUTE THE FINAL MILLAGE RATE, IF NECESSARY
3. ADOPT THE FINAL MILLAGE RATE
4. ADOPT THE AMENDED FINAL BUDGET
5. CITY COMMISSION ADOPTS AS IS
Received and approved,
CHRISTINA M. CRESPI
CEO/EXECUTIVE DIRECTOR
DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI
16450 Back -Up Documents -SUB
SUBSTITUTED
SECOND AND FINAL BUDGET PUBLIC HEARING ITEM
DISCUSSION OF FINAL MILLAGE RATE AND FINAL BUDGET FOR THE DOWNTO
DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI (MIAMI DDA).
PERCENTAGE INCREASE IN MILLAGE RATE OVER ROLLED BACK RATE;
RESPONSE: 5.7% INCREASE (0.4505 IS THE FINAL MILLAGE RATE, 62 IS THE
ROLLBACK RATE).
CITY COMMISSION LISTENS AND RESPONDS TO CITIZENS COMMENTS ' EGARDING THE
FINAL MILLAGE RATE AND EXPLAINS THE REASONS FOR THE IN EASE OVER THE
ROLL BACK RATE.
ACTIONS BY THE CITY COMMISSION:
1. AMEND THE FINAL BUDGET, IF NECESSARY
2. RECOMPUTE THE FINAL MILLAGE RATE, IF NE SSARY
3. ADOPT THE FINAL MILLAGE RATE
4. ADOPT THE AMENDED FINAL BUDGET
5. CITY COMMISSION ADOPTS AS IS
Received and approved,
CHRISTINA M. CRESPI
CEO/EXECUTIVE DIRECTOR
DOWNTOWN DEVELOPMENT AU
ORITY OF THE CITY OF MIAMI