HomeMy WebLinkAboutBack-Up DocumentsFIRST BUDGET PUBLIC HEARING ITEM
DISCUSSION OF TENTATIVE MILLAGE RATE AND PROPOSED BUDGET FOR THE
DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI (MIAMI DDA).
PERCENTAGE DECREASE IN MILLAGE RATE OVER ROLLED BACK RATE;
RESPONSE: 3.77%o DECREASE (0.3900 MILLS IS THE TENTATIVE MILLAGE RATE, 0.4053
MILLS IS THE ROLLBACK RATE).
CITY COMMISSION LISTENS AND RESPONDS TO CITIZENS COMMENTS REGARDING THE
TENTATIVE MILLAGE RATE AND EXPLAINS THE REASONS FOR THE DECREASE 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,
IVONNE BERRIOS
COO/CFO/BOARD TREASURER
DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI (MIAMI DDA)