Notice of Proposed Tax IncreaseIh,liday Table
!4-7337
.mi Beach, FL
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CITY OF MIAMI BEACH
NOTICE OF PROPOSEDTAX INCREASE
The City of Miami Beach has tentatively adopted
a measttre to increase its property tax levy.
Last year's property tax levy:
A. Initially proposed tax levy ........................................$61,965,432
B. Less tax reductions due to Value Adjustment
Board and other assessment changes ...................$ 1,248,656
C. Actual property tax levy ..........................................$60,716,776
This year's proposed tax levy ........................................................$68,657,691
All concerned citizens are invited to attend a public
hearing on the tax increase to be held on
Friday, September 21,2001
5:01 P.M.
at
1700 Convention Center Drive
City Hall Commission Chambers, 3rd Floor
Miami Beach, Florida 33139
A FINAL DECISION on the proposed tax
increase and the budget will be made at this hearing.
BUDGET SUMMARY
CITY OF MIAMI BEACH - FISCAL YEAR 2001-02
THE PROPOSED BUDGET EXPENDITURES OF
THE CITY OF MIAMI BEACH ARE 0.3%
MORE THAN LAST YEAR'S TOTAL OPERATING EXPENDITURES.
INTERNAL
GENERAL ENTERPRISE SERVICE
FUND FUNDS FUNDS
CASH BALANCE BROUGHT FORWARD
ESTIMATED REVENUES:
Taxes: Mfflage Per $1,000
AdValorem 7.299(Operating) $66,200,178
AdValorem 0.910(Norm. Shores) 54,494
Ad Valorera 1.077 (Voted Debt) 9,768,132
Franchise 6,929,133
Utility 12,083,900
Convention Development
Licenses and Permits 9,282,700
Intergovernmental Revenues 9,994,000
Charges for Services 2,033,400
Fines and Podeitures 1,633,000
Interest 4,662,500
Rents and Leases 1,406,125
Miscellaneous Revenues 5,267,407
Other Financing Sources 21,871,346
TOTAL REVENUES AND OTHER
FINANCING SOURCES ~151,166,315
TOTAL ESTIMATED REVENUES
AND BALANCES $151,166,315
[XP~NDI~TURES/EXPENSES
General Government $24,729,590
Public Safely 82,943,859
Physical Environment 1,695,914
Transportation 2,770,923
Economic Environment 12,827,708
Human Services 532,870
Cu6ure & Recreation 14,247,319
Debt Services 10,468,132
Other Financing Uses O
TOTAL EXPENDITURES/EXPENSES $150,216,315
Reserves 950,000
TOTAL APPROPRIATED EXPENDITURES
AND RESERVES
TOTAL
$0 $2,991,500 $3,759,402 $6,750,902
$0
2,660,000
81,614,568 29,069,354
2,209,092 1,464,603
850,052 305,000
$0 $66,200,178
541494
9,768,132
6,929,133
12,063,900
2,660,000
9,282,700
112,717,322
1,633,000
8,633,395
1,406,125
6,422,459
. ~87,~33,712 ~30,839,157 $269,339,184
$90,325,21__2 $.~34,598,55~9 S276,090,09__6
$0 $0 $24,729,590
82,943,859
48,313,720 50,009,634
13,761,432 16,532,355
12,827,708
532,870
13,840,495 28,087,814
11,104,756 1,097,425 22,670,313
33,501,134 . 3~,SOlt134
$87,020,403 $34,598,559 $271,835,277
3,304,809 4,254,809
THE TENTATIVE, ADOPTED, AND/OR FINAL BUDGETS ARE ON FILE IN THE OFFICE OF THE ABOVE
MENTIONED TAXING AUTHORITY AS A PUSLIC RECORD.