HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #18059
Date: 08/27/2025
Commission Meeting Date: 09/25/2025
Type: Ordinance
Subject: Approve Final Millage FY'26
- City of Miami
Requesting Department: Office of
Management and Budget
Sponsored By:
District Impacted:
Purpose of Item:
To establish the millage rates for the fiscal year ending September 30, 2026 (FY 2025-26) at:
General Operating
Debt Service
Total Millage Rate
7.1364
0.2536
7.3900
Background Information:
The City of Miami FY 2025-26 Proposed Operating Budget, as presented in 2025,
contains the following recommended millage rates:
General Operating
Debt Service
Total Millage Rate
7.1364
0.2536
7.3900
A five- year history of millage rates is shown below:
FY 2021-22 FY 2022-23 FY 2023-24 FY 2024-25 FY 2025-26
Proposed
General Operating
Debt Service
Total Millage Rate
7.6665
0.3235
7.9900
7.5539
0.3235
7.9900
7.1364
0.3235
7.8774
7.1364
0.2536
7.3900
7.1364
0.2536
7.3900
For the City Commission's reference, every tenth mill will generate approximately $8.791 million
for the City of Miami General Fund in the next fiscal year.
Florida Statute Section 200.065 governs the setting of 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 (August 4) 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.
City of Miami File ID: 18059 (Revision: B) Printed On: 10/21/2025
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 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 proposes to set the first budget hearing for Saturday, September 13, 2025, at
10:00 AM and the second budget hearing on Thursday, September 25, 2025, at 5:05 PM.
Miami- Dade County is scheduled to present their budget hearings on September 4, 2025, and
September 18, 2025. The School Board Budget Meeting is scheduled for September 10, 2025.
Effectively, the tentative millage adopted 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 $1,233,251,000; Debt Service (GOB) $32,912,000
Office of Management and Budget
Office of Management and Budget
City Manager's Office
City Manager's Office
City Manager's Office
Legislative Division
Office of the City Attorney
Office of the City Attorney
City Commission
Legislative Division
Office of the City Attorney
Office of the City Attorney
City Commission
Office of the Mayor
Office of the City Clerk
Office of the City Clerk
Legislative Division
Office of the City Attorney
Office of the City Attorney
Reviewed B
Marie Gouin
Calvin Fifer
Erica T. Paschal
Natasha Colebrook -Williams
Arthur Noriega V
Valentin J Alvarez
Xavier Alban
George K. wysong III
Maricarmen Lopez
Valentin J Alvarez
Xavier Alban
George K. wysong III
Maricarmen Lopez
Mayor's Office
City Clerk's Office
City Clerk's Office
Valentin J Alvarez
Xavier Alban
George K. Wysong III
Department Head Review
Budget Analyst Review
Assistant City Manager Review
Deputy 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
Completed
Completed
Signed by the Mayor Completed
Signed and Attested by the City Clerk Completed
Rendered Completed
Legislative Division Review Completed
ACA Review Completed
Approved Form and Correctness Completed
08/27/2025 7:14 PM
08/28/2025 10:08 AM
08/28/2025 10:22 AM
08/28/2025 11:13 AM
08/28/2025 2:54 PM
09/05/2025 12:32 PM
09/05/2025 2:44 PM
09/05/2025 2:49 PM
09/13/2025 10:00 AM
09/16/2025 7:35 AM
09/16/2025 2:00 PM
09/16/2025 2:37 PM
09/25/2025 5:05 PM
09/25/2025 9:30 PM
09/25/2025 9:34 PM
09/25/2025 9:34 PM
09/26/2025 4:47 PM
09/26/2025 5:07 PM
09/26/2025 7:12 PM
City of Miami File ID: 18059 (Revision: B) Printed On: 10/21/2025
City of Miami
Legislation
Ordinance
Enactment Number:14398
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 18059 Final Action Date: 9/25/2025
AN ORDINANCE OF THE MIAMI CITY COMMISSION, WITH
ATTACHMENT(S), 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
7.3616 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, 2025, AND ENDING
SEPTEMBER 30, 2026; CONTAINING A SEVERABILITY CLAUSE; AND
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,
entitled "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, sets forth the method of fixing a millage
rate; and
WHEREAS, on July 1, 2025, the Miami -Dade County Property Appraiser ("PA"),
pursuant to Section 200.065(1), Florida Statutes, certified to the City the preliminary taxable
value within its territorial limits, set at $103,705,947,947; and
WHEREAS, the City prepared a tentative budget for the fiscal year ("Fiscal Year")
beginning October 1, 2025, and ending September 30, 2026, and computed a total proposed
millage rate of 7.3900 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 R-25-0304, 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; and
WHEREAS, at the First Budget Hearing held on September 13, 2025, by a unanimous
affirmative vote, the City Commission reduced the tentative millage rate from 7.3900 to 7.3616;
and
WHEREAS, Section 200.065(5)(a)(1), Florida Statutes, requires that the now final
millage rate of 7.3616 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
City of Miami File ID: 18059 (Revision: B) Printed On: 10/21/2025
WHEREAS, Section 200.065(2)(c), Florida Statutes, requires the City Commission to
hold a public hearing on the final budget and the final millage rate and such public hearing has
occurred earlier today in this meeting;
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 7.3616 mills on the dollar of the taxable value of such property for
the Fiscal Year commencing October 1, 2025, and ending September 30, 2026, computed as
follows for the purpose of:
• 7.1080 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 7.67% greater than the rolled -back rate of 6.6015 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, 2025, after final reading
and adoption thereof.'
APPROVED AS TO FORM AND CORRECTNESS:
ge WyingIII, C y-tor
9/5/2025 a ge Wy ng III, City or ~y 9/16/2025
ge=.WyjngIII, C y-ttor-y 9/26/2025
1 If the Mayor does not sign this Resolution, 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 Resolution, it shall become effective
immediately upon override of the veto by the City Commission.
City of Miami File ID: 18059 (Revision: B) Printed On: 10/21/2025