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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #18007 Date: 08/20/2025 Commission Meeting Date: 09/25/2025 Requesting Department: Downtown Development Authority Sponsored By: District Impacted: Type: Discussion Item Subject: Discussion - Final Millage and Final Budget FY '26 Purpose of Item: Discussion of final millage rate and final budget for the Downtown Development Authority of the City of Miami ("Miami DDA"). Background of Item: Discussion of final millage rate, as approved at the September 13th, 2025, City Commission Meeting, and final budget for the Miami DDA. The approved millage rate is less than the current year's rate by 10%. And the approved rate is 3.77% less as a percentage change of the rolled -back rate from the 0.4053 mills rollback rate. Budget Impact Analysis Item is Related to Revenue Item is NOT an Expenditure Item is NOT funded by Bonds Total Fiscal Impact: N/A Downtown Development Authority Office of Management and Budget City Manager's Office City Manager's Office City Manager's Office City Commission Christina Crespi Pedro Lacret Erica T. Paschal Mabel Betancourt Arthur Noriega V Maricarmen Lopez Reviewed B Department Head Review Budget Analyst Review ACM Review Assistant City Manager Review City Manager Review Meeting Completed Completed Completed Skipped Completed Completed 09/04/2025 1:52 PM 09/04/2025 6:11 PM 09/08/2025 3:22 PM 08/25/2025 12:14 PM 09/11/2025 8:41 AM 09/25/2025 5:05 PM