HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #16470
Date: 08/26/2024
Commission Meeting Date: 09/26/2024
Type: Ordinance
Subject: Approve Final Millage FY '25
- City of Miami
Purpose of Item:
Requesting Department: Office of
Management and Budget
Sponsored By:
District Impacted:
To establish the millage rates for the fiscal year ending September 30, 2025 (FY 2024-
25) at:
General Operating 7.1364
Debt Service 0.2536
Total Millage Rate 7.3900
Background of Item:
The City of Miami FY 2024-25 Proposed Operating Budget, as presented on August 19,
2024, contains the following recommended millage rates:
General Operating 7.1364
Debt Service 0.2536
Total Millage Rate 7.3900
On July 25, 2024, the City Commission approved the millage caps and set the Budget
Hearing dates, as approved by R-24-0284.
A five- year history of millage rates is shown below:
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24 FY 2024-25
Proposed
General Operating
Debt Service
0.2536
Total Millage Rate
7.6665 7.6665 7.5539 7.1364 7.1364
0.3235 0.3235 0.3235 0.3235
7.9900 7.9900 7.8774 7.4599 7.3900
Florida Statute Section 200.065 governs the setting the millage rates, adoption of
budget, and the timeframes required of each. It requires that the City of Miami advise
the Property Appraiser of its proposed millage within 35 days of the July 1st certification
of value so that the information can be included in the notice of proposed property taxes
mailed to property owners in August.
The same statute governs the timeframes for the first and second budget hearings. The
first hearing must be held between 65 and 80 days of the same July 1 certification of
value, which is no earlier than September 3 and no later than September 18. The City
City of Miami File ID: 16470 (Revision:) Printed On: 8/7/2025
must then hold a second budget hearing with enough time to provide the final budget
and millage rates to the property appraiser, tax collector, and State of Florida
Department of Revenue by October 1.
The City of Miami proposed to set the first budget hearing for Saturday, September 7,
2024 and the second budget hearing on Thursday, September 26, 2024. Miami- Dade
County is scheduled to present their budget hearings on September 5, 2024 and
September 19, 2024. The School Board Budget Meeting is scheduled for September
11, 2024.
Effectively, the tentative millage adopted on July 25, 2024 represents the upper limit for
the millage rates to be considered in September. The Commission may lower the
general operating millage rate at either of the two budget hearings, but effectively
cannot raise it above what is adopted in July. State law allows for this possibility, but it
cannot be practically achieved within the timeframes provided in state law. According to
the Property Appraiser's Office, this re -noticing of millage rates has not been
accomplished even once in the history of the State of Florida.
Budget Impact Analysis
Item is Related to Revenue
Total Fiscal Impact:
Total Fiscal Impact: General Fund $1,167,203,000; Debt Service (GOB) $37,284,000
Reviewed B
Office of Management and Budget Marie Gouin
City Manager's Office Larry M. Spring
City Manager's Office Arthur Noriega V
Legislative Division Valentin J Alvarez
Office of the City Attorney Xavier Alban
Office of the City Attorney George K. wysong III
City Commission Todd B. Hannon
Legislative Division Valentin J Alvarez
Office of the City Attorney Xavier Alban
Office of the City Attorney George K. wysong III
City Commission Maricarmen Lopez
Office of the Mayor Mayor's Office
Office of the City Clerk City Clerk's Office
Office of the City Clerk City Clerk's Office
Department Head Review
Assistant City Manager Review
City Manager Review
Legislative Division Review
ACA Review
Approved Form and Correctness
Meeting
Legislative Division Review
ACA Review
Approved Form and Correctness
Meeting
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Signed by the Mayor Completed
Signed and Attested by the City Clerk Completed
Rendered Completed
08/27/2024 10:24 AM
08/28/2024 10:11 AM
08/28/2024 3:23 PM
08/28/2024 4:05 PM
08/28/2024 5:03 PM
08/28/2024 5:16 PM
09/07/2024 10:00 AM
09/16/2024 10:21 AM
09/17/2024 12:00 PM
09/17/2024 4:00 PM
09/26/2024 5:05 PM
09/27/2024 11:04 AM
09/27/2024 11:05 AM
09/27/2024 11:05 AM
City of Miami File ID: 16470 (Revision:) Printed On: 8/7/2025
City of Miami
Legislation
Ordinance
Enactment Number:14318
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 16470 Final Action Date: 9/26/2024
AN ORDINANCE OF THE MIAMI CITY COMMISSION RELATED TO
TAXATION, DEFINING AND DESIGNATING THE TERRITORIAL LIMITS
FOR THE CITY OF MIAMI ("CITY"); LEVYING AN AD VALOREM TAX ON
ALL REAL AND PERSONAL PROPERTY IN THE CITY AT A TOTAL
FINAL RATE OF 7.3900 MILLS ON THE DOLLAR OF THE TAXABLE
VALUE OF SUCH PROPERTY, FOR THE PURPOSES OF FUNDING THE
GENERAL OPERATING BUDGET AND PAYMENT OF DEBT SERVICE,
FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2024, AND ENDING
SEPTEMBER 30, 2025; CONTAINING A SEVERABILITY CLAUSE;
PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, for the purpose of this Ordinance, the City of Miami ("City") is defined as all
of the territory and inhabitants within the area defined in Section 2 of the Charter of the City of
the City of Miami, as amended ("Charter"), titled "Corporate Limits," and more specifically
described in Exhibit "A" of the Charter, on file in the Office of the City Clerk; and
WHEREAS, Section 200.065, Florida Statutes (2024), sets forth the method of fixing a
millage rate; and
WHEREAS, on July 1, 2024, the Miami -Dade County Property Appraiser ("PA"),
pursuant to Section 200.065(1), Florida Statutes (2024), certified to the City the preliminary
taxable value within its territorial limits, set at $94,135,310,116; and
WHEREAS, the City prepared a tentative budget for the fiscal year ("Fiscal Year")
beginning October 1, 2024, and ending September 30, 2025, and computed a total proposed
millage rate of 7.3900 mills which is necessary to fund the tentative budget other than the
portion of the budget to be funded from sources other than ad valorem taxes; and
WHEREAS, the Miami City Commission enacted Resolution No. R-24-0284, wherein it
directed the City Manager to submit to the PA and Miami -Dade County Tax Collector the total
proposed millage rate of 7.3900 mills, together with the required information set forth in Section
200.65(2)(b), Florida Statutes (2024); and
WHEREAS, at the First Budget Hearing held on September 7, 2024, by a unanimous
affirmative vote, the City Commission approved the total proposed millage rate of 7.3900 mills;
and
WHEREAS, Section 200.065(5)(a)(1), Florida Statutes (2024), requires that the now final
millage rate of 7.3900 mills would further require, at the time of the Second Budget Hearing, a
two-thirds (2/3rd) vote, or four -fifths (4/5ths) vote, of the members of the City Commission, on
the final determination to adopt such millage rate; and
WHEREAS, Section 200.065(2)(c), Florida Statutes (2024), requires the City
Commission to hold a second public hearing on the final budget and the proposed final millage
rate and such public hearing has occurred earlier today in this meeting;
City of Miami File ID: 16470 (Revision:) Printed On: 8/7/2025
NOW, THEREFORE, BE IT ORDAINED BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Ordinance are
adopted by reference and incorporated herein as if fully set forth in this Section.
Section 2. There shall be levied an ad valorem tax on all real and personal property in
the City at a total final rate of 7.3900 mills on the dollar of the taxable value of such property for
the Fiscal Year commencing October 1, 2024, and ending September 30, 2025, computed as
follows for the purpose of:
7.1364 mills to fund the General Operating Budget.
0.2536 mills to provide for the payment of maturing principal and interest, and charges
and requirements related thereto, of voter approved indebtedness.
Section 3. The final millage rate herein adopted for the purpose of funding the General
Operating Budget is 10.73% greater than the rolled -back rate of 6.4447 mills.
Section 4. If any section, part of a section, paragraph, clause, phrase or word of this
Ordinance is declared invalid, the remaining provisions of the Ordinance shall not be affected.
Section 5. This Ordinance shall be effective as of October 1, 2024, after final reading
and adoption thereof.'
APPROVED AS TO FORM AND CORRECTNESS:
ge Wy j ng III, C y ttor -y 8/28/2024 e ge Wy j ng III, C y ttor- -y 9/17/2024
1 If the Mayor does not sign this Ordinance, it shall become effective at the end of ten (10) calendar days
from the date it was passed and adopted. If the Mayor vetoes this Ordinance, it shall become effective
immediately upon override of the veto by the City Commission.
City of Miami File ID: 16470 (Revision:) Printed On: 8/7/2025