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HomeMy WebLinkAboutAgenda Item Cover PageAGENDA ITEM COVER PAGE File ID: #19108 Resolution Sponsored by: Commissioner Damian Pardo, Commissioner Ralph Rosado A RESOLUTION OF THE MIAMI CITY COMMISSION DIRECTING THE CITY MANAGER TO DEVELOP A SENIOR CITIZENS FINANCIAL ASSISTANCE PROGRAM(S) FOR CITY OF MIAMI ("CITY") RESIDENTS WHO ARE SIXTY-FIVE (65) YEARS OR OLDER; FURTHER DIRECTING THE CITY MANAGER TO RESEARCH AND ANALYZE DIFFERENT POLICIES, INITIATIVES, AND PROGRAMS, INCLUDING, BUT NOT LIMITED TO, GRANT PROGRAMS AND ADDITIONAL AD VALOREM TAX EXEMPTION CONSTITUTIONAL AMENDMENTS TO HELP ALLEVIATE THE FINANCIAL STRESS AFFECTING THE CITY'S SENIOR CITIZEN POPULATION; DIRECTING THE CITY MANAGER TO PROVIDE A REPORT TO THE CITY COMMISSION WITHIN THIRTY (30) CALENDAR DAYS FROM THE DATE THIS RESOLUTION IS ADOPTED; PROVIDING FOR AN EFFECTIVE DATE. City of Miami Legislation Resolution Enactment Number: R-26-0171 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 19108 Final Action Date:4/9/2026 A RESOLUTION OF THE MIAMI CITY COMMISSION DIRECTING THE CITY MANAGER TO DEVELOP A SENIOR CITIZENS FINANCIAL ASSISTANCE PROGRAM(S) FOR CITY OF MIAMI ("CITY") RESIDENTS WHO ARE SIXTY-FIVE (65) YEARS OR OLDER; FURTHER DIRECTING THE CITY MANAGER TO RESEARCH AND ANALYZE DIFFERENT POLICIES, INITIATIVES, AND PROGRAMS, INCLUDING, BUT NOT LIMITED TO, GRANT PROGRAMS AND ADDITIONAL AD VALOREM TAX EXEMPTION CONSTITUTIONAL AMENDMENTS TO HELP ALLEVIATE THE FINANCIAL STRESS AFFECTING THE CITY'S SENIOR CITIZEN POPULATION; DIRECTING THE CITY MANAGER TO PROVIDE A REPORT TO THE CITY COMMISSION WITHIN THIRTY (30) CALENDAR DAYS FROM THE DATE THIS RESOLUTION IS ADOPTED; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City of Miami ("City") is a large and vibrant City that has experienced rapid and significant growth and development in recent years; and WHEREAS, the cost of living in Miami is consistently found to be one of the highest in the nation; and WHEREAS, the City's senior citizen population, many of whom are on a fixed income, are the most vulnerable to the high cost of living; and WHEREAS, according to the United States (U.S.) Census Bureau, 16.3% of the City's population is sixty-five (65) years or older ("senior citizen population"); and WHEREAS, according to the AARP, Social Security income accounts for at least half of the income for more than forty percent (40%) of Social Security recipients age sixty-five (65) and over, which averages to be about Two Thousand, Five Dollars ($2,005) a month, about Twenty -Four Thousand Dollars ($24,000) a year; and WHEREAS, approximately twelve percent (12%) of men and fifteen percent (15%) of women who are sixty-five (65) or older rely on Social Security to meet ninety percent (90%) of their needs; and WHEREAS, approximately thirty-three percent (33%) of the City's senior citizen population lives below the poverty line; and WHEREAS, the City, pursuant through various programs such as its Anti -Poverty Initiative, Miami For Everyone program, Community Development Block Grants, and Miami Forever Bond have provided numerous programs that provide financial assistance or benefits to the senior citizen population; and WHEREAS, the City finds that it is in the best interest of the City to provide financial assistance; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated as if fully set forth in this Section. Section 2. The City Manager is hereby directed to develop a senior citizens financial assistance program(s) for City of Miami residents who are sixty-five (65) years or older. Section 3. The City Manager is hereby further directed to research and analyze different policies, initiatives, and programs, including, but not limited to, grant programs and additional ad valorem tax exemption Constitutional amendments to help alleviate the financial stress affecting the City's senior citizen population. Section 4. The City Manager is directed to provide a report to the City Commission within thirty (30) calendar days from the date this resolution is adopted. Section 5. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND CORRECTNESS: ge Wy j ng III, C1ty tor -y 3/31/2026