Notice of Proposed Tax Increase CITY OF MIAMI BEACH
NOTICE OF PROPOSED TAX INCREASE
The City of Miami Beach has tentatively adopted
a measure to increase its property tax levy.
Last year's property tax levy:
A. Initially prop. os.e.d tax.levy....::..: ..... ;..:: .... :;:-._.._.: ...... $ 77,.158,731
B. Less tax reclucfions oue To vmue Aojus[men[
Board and other assessment changes ................ ~ 7~,293,O57
C. Actual property tax levy ........................................ $ ,,865,674
This year's proposed tax levy ............................................ $ 88,360,O10
All concerned citizens are invited to attend a public
hearing on the tax increase to be held on
Thursday, September 18, 2003,
5:01 P.M.
at
1700 Convention Center Drive
City Hall Commission Chambers, 3rd Floor
Miami Beach, Florida 33139
/~ FINAL DECISION on the proposed tax increase
and.the budget will be made at this hearing.
BUDGET SUMMARY
CITY OF MIAMI BEACH - FISCAL YEAR 2003-04
THE PROPOSED OPERATING BUDGET EXPENDITURES OF
THE CiTY OF MIAMI BEACH ARE 6.1%
MORE THAN LAST YEAR'S TOTAL OPERATING EXPENDITURES
INTERNAL
GENERAL RD~ ENTERPRISE SERVICE
FUND FUNDS. FUNDS FUND~
CASH BALANCE BROUGHT FORWARD $ 0 $ 0 $ 4,913,106 $ 3,602,000
ESTIMATED REVENUES:
Taxes: Millage Per $1,000
Ad Valorem 7.299 (Operating)
Ad Valorem 1,123 (Norm. Sho~)
Ad Valorem 0.974 (Voted Debt)
Franchise
Convention Development
Licenses and Permits
intergovernmental Revenues
Charges for Services
Fines and Fodeitures
Interest
Rents and Leases
Miscellaneous Revenues
Other Financing Sources
TOTAL REVENUES AND OTHER
FINANCING SOURCES
TOTAL ESTIMATED REVENUES AND BALANCES
EXPENDITURE/EXPENSES
General Government
Public Safst~
Physical Environment
Transportation
Economic Environment
Human Services
Culture & Recreation
Normandy Shores District
Debt Services
Other Financing Uses
TOTAl- EXPENDITURES/EXPENSES
Reserves
TOTAL APPROPRIATED EXPENDITURES
AND RESERVES
TOTAL
$ 8,515,106
$ 68,168,976 $ 17,016,674 $ 0 $ 0$ 95,185,650
81,758
81,758 10,200,337
10,200,337 6,531,750
6,531,750 12,911,300
12,911,300
1,840,000 2,660,000 4,500,000
11,003,905
11,003,905 9,624,000
9,624,000
5,925,965 87,781,717 33,954,147 127,661,829
1,758,977
1,758,677
2,800,000 605,850 339,321 3,74,5,171
2,477,385 2,4T/,355
6,080,374 1,724,532 0 7~04,~06
~3.158.346 23.158.346
$162,562 773
$ 17,016,674 $ 92,772,099. $ 34,293,468 $ 306r645~014.
$ 17t016~674, $ 97r685,205 $ 37~898r468, $ 315r160,120
$102r562r7'/3
$ 25,198,536 $ 0$ 0 $ 37,165,749 $ 02,354,255
97,354,348
97,354,348
2,792,745 51,230,479 54,023,224
3,031,063 18,529,395 21,560,458
836,400 17,016,674 17,853,074
498,801 498,801
20,906,925 14,160,053 35,066,978
125,800 125,800
10,900,337 13,765,278 729,719 25,395,334
O'
$161,644,955 $ 17,016,974 $ 97,685,205 $ 37,898,468 $ 314,242,302
917~818. 0 0 0 917~818...
$162f562,'/73 ~$ 17fO16t974. $ 97~685~205 $ 37~896~468 $ 315~160,120