The URL can be used to link to this page

Home My WebLink AboutSubmittal-Department of Management and Budget-PowerPoint PresentationSubmitted into the public record for item(s) BH.1 on 09/13/2025, City Clerk PROPOSED OPERATING BUDGET FISCAL YEAR 2025-26 SERVING, ENHANCING, AND TRANSFORMING OUR COMMUNITY 18058 Submittal -Department of Management and Budget-PowerPoint Presentation Submitted into the public record for item(s) BH.1 on 09/13/2025, City Clerk TRIM Compliance Statement • The proposed general operating millage of 7.1364 is 8.lpercent higher than the state - defined rolled -back rate of 6.6015 mills • Rolled -back rate is defined as the millage rate that would generate the same amount of property tax revenue as was collected in the previous fiscal year. This calculation excludes revenues from new construction, additions to existing structures, deletions, and properties added due to changes in geographic boundaries. • This millage rate will require a super majority approval of the commission to meet TRIM compliance. 2 Submitted into the public record for item(s) BH.1 on 09/13/2025, City Clerk Millage and Property Tax FY 2024-25 TOTAL ADOPTED MILLAGE RATE 7.3900 MILLS General Operations: 7.13 69 General O15]E 51*i L Debt_ 0_2536 FY 202-2 TOTAL PROPOSED -TILLAGE RATE 7.3900 MILLS General Operations: 7.1364 G:ieneral uht] gat ion Debt: 0,2536 Total Assessed Value $423,020 Average Horrizsirad FY 2025-26 Taxes 7,3900 $3,126 $500,000 S3,695 1,000,000 $7,399 3 Submitted into the public record for item(s) BH.1 on 09/13/2025, City Clerk Property Tax Saving Measures The proposed budget advances two property tax savings measures which total $5.0 Million: 1. The proposed millage will be reduced by .0284 Mills to 7.1080 mills, yielding $2.5 million in property tax reductions 2. The proposed budget includes a Senior Citizens Rebate. The rebate will be offered to seniors who receive the existing senior exemptions. The rebate is anticipated to cost approximately $2.5 million including processing cost. Submitted into the public record for item(s) BH.1 on 09/13/2025, City Clerk Millage and Property Tax Reduction FY 2024-25 TOTAL ADOPTED MILLAGE RATE 7.3900 MILLS General Operations- 7_1364 General Obligation {Debt: 0_2536 FY 2025-26 TOTALPROPOSED MILLAGE RATE 7,3 i6MILL5 Genera] Operations_ 7.1090 General Obligation Debt, 0_ 536 Total Assessed Value S423,020 Average Homesicrul $500,II00 S 1,000,000 FY 025-2 Taxes 7.3616 $3,114 $3 81 $7 362 5 Submitted into the public record for item(s) BH.1 on 09/13/2025. City Clerk Your Property Tax Bill —Based on FY 2O2425* R ianai Taring Authorities le Miami -Dade County 2.94 Miami -Dade Public Schools }3t Allocation of Each Dollar Paid in Property Taxes - FY 2025-26 city efM3etal 344 City of Miami Debi. 34 6 *Will not get the information from the other taxing authorities until after they have all adopted their millage. Submitted into the public record for item(s) BH.1 on 09/13/2025, City Clerk City of Miami — Budget Overview The City adopts two budgets every year - an Operating Budget and a Capital Budget. The City's Proposed Operating Budget for FY 5- 6: S1,837,585,000 The Cit s Proposed Capital Budget for FY 0 5- 6: $1,997,305,000 with $65,174,000 newly appropriated. Submitted into the public record for item(s) BH.1 on 09/13/2025, City Clerk City Operating Budget —Four Fund Category Debt Service Funds: $91,829,000 Internal Ser°ioe Fund $127,770,000 Special Revenue Funds: $3134,735,000 General Fund: $1,333,251,01H1 FY 2025-26 Proposed Operating Budget The City's Operating Budget is comprised of four separate fund groups: • General Fund - City's primary operating fund • Special Revenue Funds - accounts for revenues that are restricted to a specific purpose • Internal Service Fund - accounts for internal cost allocation between various City cost centers • Debt Service Funds - accounts for proceeds of City issued debt and repayment of principal and interest 8 Submitted into the public record for item(s) BH.1 on 09/13/2025. City Clerk General Fund —Where the Money Comes From 1.8% 1.4% 0.5% Where the Money Comes From: General Fund Revenue Sources Total: $1,233,251,000 ▪ Property Taxes • $650.1 million - 52.7% • Charges for Services • $154.1 million • 12.5% • Franchise Fees and Other Taxes • $145.9 million • 11.8% • Intergovernmental Revenues • $110.8 million • 9.0% • Licenses and Permits • $104..5 million • 8.5% Interest • $22.3 million • 1.8! a • Other Revenues (Inflows) • $22.0 million • • Transfers -IN * $17.2 mullion • 1.4" o • Fines and Forfeitures • $6.4 million • 0.5' The General Fund includes revenues from a variety of sources, including fees, fines, and state and local taxes. Property tax revenue comprises 52.7©% of total General Fund revenues and represents the largest source of funding for general operations. 9 Submitted into the public record for item(s) BH.1 on 09/13/2025. City Clerk General Fund — Where the Money Goes by Category Where the Money Goes: Expenditures by Category ▪ Salaries and Wages • $589.5 million • 47.8% ▪ Employee Benefits • $356.2 million • 38.9'° ▪ Operating Expense • $199.4 million • 16.2% ▪ Non -Operating Expense • $24.0 mullion • 1.9 ▪ Capital Outlay • $1.0 million. 0.1% ▪ Transfers Out • $63.3 million • 5.1% Transfer to Capital • $25.6 million Transfer to Special Revenue • $7.2 million Transfer to Debt Service • $28.6 million Transfer to Cost Allocation • $1.8 million Personnel costs, including wages and employee benefits, represent the largest General Fund expenditure category. These costs account for almost three quarters of the total General Fund expenditure budget. 10 Submitted into the public record for item(s) BH.1 on 09/13/2025. City Clerk General Fund — Where the Money Goes by Function Where the Money Goes: Expenditures by Function • Public Safety • $684.6 million • 55.5% • Public Works • $144.4 million • 11.7% • General Government • $123.2 million • 10.0% • Non Departmental Units • $117.5 million • 9,5% • Other Departments • $95.2 million • 7.7a Planning and Development • $65.4 million • -. • Community & Economic Development • $2.9 million • More than half of General Fund spending is allocated to the provision of public safety services. The Police Department and the Fire -Rescue Department together comprise 55.5% of the General Fund expenditure budget. 11 Submitted into the public record for item(s) BH.1 on 09/13/2025 City Clerk GENERAL FUND AMOUNTS Proposed FY 2025-26 I-i re- Rescue $268,3135,900 ImJ on -Departmental $ 117,524,000 P1ii ,Sp4 1 5,709,999 Total Operating Budget Parks and Recreation — S68,144,040 Solid Waste S54,51 01011 Building S50,196,004 Resilience and Public Works $45,370,090 General Services Administration $41.841,000 Real Estate and Asset Management $23.142,000 Innovation and Technology $ 1 7„570.090 City- Attorney — 515,957,000 Finance $14,846,000 Cad e Compliance $14„093,090 Commissioners 813,967,000 Human Services $8,720,000 £Jkanning $8,2$ 3,000 Ho man Resources $7,3 17,000 Zoning $ 6,928,000 Risk Managen-ient $5,939,000 Departments with Operating Budgets Less than $6 million Management & Budget $4,694,000 City Manager ''''''' '"' ...... •••—• ..... $4,183,0010 Procurement $4,011,000 Mayor $3,613,000 Housing and Corarminity Development $2,938,000 Capital Emprovements $2,744,000 City Clerk ....... ........ ...... ....... ...... ..... $.2,698,000 Grants Administration $2,368,000 Communications $2,316)009 Independent Inspector General.. ............ ..... RE gilierice arid Sustairiability .......... ......... ....... Economic Innovation and Development $1,301,000 Equal Opportunity & Diversity Programs., ...... $782,000 Civil Service lloapd $722,1))) Agenda Coordination $332,000 Submitted into the public record for item(s) BH.1 on 09/13/2025, City Clerk Highlights • This proposed general fund budget of $1.23 billion includes an increase of $66.5 million over the current year budget of $1.17 billion Details of increases in the general fund budget: • $32.1M for required salary, positions, and overtime adjustments • $30.8M for internal service costs (insurance, pension costs, and information technology) • $12.3M in operating expenditures • $5.3M in non -operating expenditures • These increases were offset by $13.5M of interest income generated on unspent bond proceeds, used to pay debt service payments Submitted into the public record for item(s) BH.1 on 09/13/2025, City Clerk Parks & Recreation $403,082,000 Real Estate and Asset Management $408,394,00D0 Resilience and Pubic Works $649,902,000 Total Capital Budget TOTAL SIX -YEAR PLAN Proposed FY 2025-26 General Services Administration $78,764,000 Building S77,661,000 Fire -Rescue $67,022,000 Police $42,106,000 — Finance $33,047,000 Housing and Community Development $11.045,000 Dertnient.s and llifwith Capi0 Budgets IESS 1 $Olaiiliee Capital larmats InroationardTedu v Risk anagement y�M7[/►� ►�}{ 011ie. of Grams dminll LI0..-..e Mar es _ idRet Planning 'd C1i n A lei.:.. . Slid Waste Cmar63:orer°5.tie 4. 14 Submitted into the public record for item(s) BH.1 on 09/13/2025 City Clerk Capital Overview Summary by Department/Agency Name Six 'Eesr Mari S Year Mae Total Cold. Total Pwidiii Priors TIMM urrrent Fisme Year (Ames/II)i Prirjectim Sqlu adding C_odo Compliance GOITIEliSSiDfleii Office Communicsti Unanimity Redewiaprnent Amp' Doterite ma Development ALA -miry Finence Lieneral SernceArrninistration 4nneinLitarki C ornotur neve] oilmen Innovaiian and redinningy %inn iBerrieni ancl klEsx Offirenf (..rErtal Improvements IFFER. of Co:sets Ailminedimsno Parks and Rti Raw ling Pahre Real T.slile and I.Nser Nian4enient PiIk1adnd Put& Wurks 1114, ".larsigernent Sdid AIDRI $73,16IRCC) S55642011 $46d/C0 SS-L-4,000 $321 400 si2. 137,00 S33,0470E0 S 9 9.S11- i2,1:013 8120,342,4100 N] 1.1 4)5)D) S5.448.4200 S13,1130E0 $1,2=41ffst $523.5=tiA1t) S 2.14 Oft, Si 3-9)41170.D 5;4711115110 S1.11771153411D1 .; 2fifiln $31,1114,030 SI 5S.inn 17,661,0011 .g32kt,C013 S46000 557 2,(:(10 $32140D S1_11 6,CiDt. 131,047,1:100 SX?.. 16 2,(XXF Va,339iSla I .04 5004 reUt2,13120 $,IkFC,1 $78434C0 ,2F4i1S111 t$512,3 I %IMO Sfr, I f;,1)1. S414,34-fiAllt VU839,0011 ,RINENI1 S57,1XXS SI 1 $77.567,i100 531)00 SIL.030 2.1K* S321.030 33 -3.0i7010 551571,400 ST609120.11 I I 414,..1TIM} S3,584.030 '41 0411.1SX1, $7,843.000 41.2;0100 $378,131.1110 I 6,01c. 8,7411.i00 .04J 92.irsn• $(133.01ft.••• o.i ,5 LC. 557010 SI 15..a.10 $94000 S I .6..140,C00 111,57540D DapilW) 1226i1(19 (272,110) (111,262,009) 524.7510.M 11,637,11k1) I .7-1,1rirr Lau) 473,254JJKO) 3 1,527,fX0) 41.1XXs) 52A34,944,Oln $1,997$305,060 $1,331,7994111) Liff1/4174poo $201,332,0X1 $01374539)10 Summary by Program Fund • General Government S495298,.000 • Parks. and 131.ereaLia1 $481,915, 000 • Sturm Sewers S359,987,000 ts Streets arid SlArsvalks Y.298,337, OM • Public 5209,093, 000 • Public Soistr ---- •S1•09,625, 000 • Mass. Trartsit $ 29,2943,000 • Solid 'Maw 38,19 5000 • Sankary Sewers S5,279,030 • DIsisrer Recovery • $33-8,KKI. 101AL: S1,997,305,000 15 Submitted into the public record for item(s) BH.1 on 09/13/2025a City Clerk Capital Overview Summary by Funding Source • City Debt Proceeds ............................. • City Fnnds-5pedal Re. ......................... ■ City Funds -Impact Fees ....................... ■ City Funds -Gen Fund Contndnn on...- • State.......................................:....................... $632,482,000 •Federal Pass Iiuouglo State ....... $386,654,000 ■ Miami -Da de ....... County... $349,901,000 • Federal ........................................ $304,566,000 =Private ........................................ $108,488,000 ■ Other Local Units ................ TOTAL: S1,997,305,000 104,387,000 $64020,000 $26,943,0 0 $15,165,000 54,699,000 Summary of Funding Status • Funded ........................... it Partially Funded....... ■ Unfunded ...................... $1.155363,000 $1,152,142,000 $527,439,000 TOTAL: S2,834,944,000 Partially Funded hnoraled $59s355pnu ■ Paruariy Funded Sbnrrf 0 S555,787.000 16 Submitted into the public record for item(s) BH.1 on 09/13/2025, City Clerk Highlights —Police Officer • Directive to hire 300 police officers in the next three fiscal years • Police Officers - 100 police officers - $3,547,000 76 positions - 100% funded by the City 24 positions — $125,000 per officer would be funded by the COPS grant • It will take about five fiscal years to onboard 300 officers, resulting in a cumulative cost of approximately $161,306,000. Submitted into the public record for item(s) BH.1 on 09/13/2025, City Clerk Thank you!