HomeMy WebLinkAboutAgenda Item Summary FormDate: 08/09/2018
AGENDA ITEM SUMMARY FORM
Second Reading
File ID: #4629
Commission Meeting Date: 09/27/2018
Type: Ordinance
Subject: Adopt Millage FY'19 - City of
Miami
Purpose of Item:
Requesting Department: Office of
Management and Budget
Sponsored By:
District Impacted: Various
To establish the millage rates for the fiscal year ending September 30, 2019 (FY 2018-
19) at:
General Operating 7.5865
Debt Service 0.4435
Total Millage Rate 8.0300
Background of Item:
The City of Miami FY 2018-19 Proposed Operating Budget, as presented on July 09,
2018, contains the following recommended millage rate:
General Operating 7.5865
Debt Service 0.4435
Total Millage Rate 8.0300
On July 26, 2018, the City Commission approved the millage caps as proposed above
by Resolution No. R-18-0333
A five- year history of millage rates shows a steady overall decline:
FY 2014-15 FY 2015-16 FY 2016-17 FY 2017-18 FY 2018-
19
General Operating
7.4365
Debt Service
0.4435
Total Millage Rate
8.0300
7.6465
7.5865
0.7385
7.6465
0.6886
8.3351
Proposed
7.6465
0.6435 0.5935
8.2900 8.0300
For the City Commission's reference, every tenth mill will generate approximately
$4.685 million for the City of Miami General Fund in the next fiscal year.
Florida Statute Section 200.065 governs the setting the millage rates, adoption of
budget, and the timeframes required of each. It requires that the City of Miami advise
City of Miami File ID: 4629 (Revision: 8) Printed On: 12/6/2018
the Property Appraiser of its proposed millage within 35 days 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.
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 4 and no later than September 19. 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.
Effectively, the tentative millage adopted on July 26, 2018 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
Item is NOT funded by Bonds
Total Fiscal Impact:
$355,210,000 Operating and $22,483,000 Debt
Reviewed By
Office of Management and Budget
Christopher M Rose
Department Head Review
Completed
08/29/2018 11:36 AM
City Manager's Office
Sandra Bridgeman
Assistant City Manager Review
Completed
09/04/2018 12:57 PM
Legislative Division
Valentin J Alvarez
Legislative Division Review
Completed
09/04/2018 1:32 PM
City Manager's Office
Nikolas Pascual
City Manager Review
Completed
09/04/2018 2:57 PM
Office of the City Attorney
Valentin J Alvarez
Deputy City Attorney Review
Skipped
09/04/2018 5:04 PM
Office of the City Attorney
Victoria Mendez
Approved Form and Correctness
Completed
09/04/2018 5:49 PM
City Commission
Nicole Ewan
Meeting
Completed
09/13/2018 5:05 PM
Office of Management and Budget
Christopher M Rose
Department Head Review
Completed
09/18/2018 4:54 PM
Legislative Division
Valentin J Alvarez
Legislative Division Review
Completed
09/18/2018 5:55 PM
Office of the City Attorney
Valentin J Alvarez
Deputy Ciyt Attorney Review
Skipped
09/18/2018 5:54 PM
Office of the City Attorney
Victoria Mendez
Approved Form and Correctness
Completed
09/18/2018 6:05 PM
City Commission
Nicole Ewan
Meeting
Completed
09/27/2018 5:05 PM
Office of the Mayor
Mayor's Office
Signed by the Mayor
Completed
09/27/2018 10:38 PM
Office of the City Clerk
City Clerk's Office
Signed and Attested by the City Clerk
Completed
09/27/2018 10:41 PM
Office of the City Clerk
City Clerk's Office
Rendered
Completed
09/27/2018 10:42 PM
City of Miami File ID: 4629 (Revision: B) Printed On: 121612018
City of Miami City Hall
Legislation 3500 Pan American Drive
g Miami, FL 33133
Ordinance www.miamigov.com
Enactment Number:13789
File Number: 4629 Final Action Date: 9/27/2018
AN ORDINANCE OF THE MIAMI CITY COMMISSION, PROPOSING A FINAL MILLAGE
RATE FOR AD VALOREM TAXATION PURSUANT TO SECTION 200.065, FLORIDA
STATUTES (2018), 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 8.0300 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, 2018 AND ENDING
SEPTEMBER 30,2019; CONTAINING A SEVERABILITY CLAUSE, AND PROVIDING
FOR AN EFFECTIVE DATE.
WHEREAS, Section 200.065, Florida Statutes (2018), sets forth the method of
computing, proposing, and fixing a millage rate for ad valorem taxation; and
WHEREAS, for the purposes 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, on July 1, 2018, the Miami -Dade County Property Appraiser ("PA"),
pursuant to Section 200.065(1), Florida Statutes (2018), certified to the City the preliminary
taxable value within its territorial limits, set at $53,357,105,033; and
WHEREAS, the City prepared a tentative budget for the fiscal year ("Fiscal Year")
beginning October 1, 2018 and ending September 30, 2019, and computed a total proposed
millage rate of 8.0300, 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-18-0333, wherein it
directed the City Manager to submit to the PA and Miami -Dade County Tax Collector the total
proposed millage rate of 8.0300 mills, together with the required information set forth in Section
200.65(2)(b), Florida Statutes (2018); and
WHEREAS, on September 13, 2018, the City held a public hearing, as required pursuant
to Section 200.065(2)(c), Florida Statutes (2018), where the City Commission adopted a total
tentative millage rate of 8.0300 mills pursuant to first reading of this proposed Ordinance;
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 final total rate of 8.0300 mills on the dollar of the taxable value of such property for
the Fiscal Year commencing October 1, 2018 and ending September 30, 2019 computed as
follows for the purposes of:
City of Miami File ID: 4629 (Revision: 8) Printed On: 12/6/2018
7.5865 mills to fund the General Operating Budget; and
0.4435 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 9.47% greater than the rolled -back rate of 6.9301 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, 2018, after final reading
and adoption thereof.'
APPROVED AS TO FORM AND CORRECTNESS:
l
i ria i �_ndez, City Attor iey 9/4/2018
' If the Mayor does not sign this Ordinance, 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 Ordinance, it shall become effective
immediately upon override of the veto by the City Commission.
City of Miami File ID: 4629 (Revision: 8) Printed On: 12/6/2018