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 proposed tax levy .................................. $88,360,010
'B. Less tax reductions due to Value Adjustment'
Board and other assessment changes .......... ~....$1,820,958
C. Actual property tax levy ..................................... $86,539,052
This year's proposed tax levy ......................................... :....$104,348,717
All concerned citizens are invited to attend a public
hearing on the tax increase to be held on
Tuesday, September 28, 2004,
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 Jncrease
and the. budget will be made at this hearing.
BUDGET SUMMARY
CITY OF MIAMI BEACH - FISCAL YEAR 2004-05
THE PROPOSEO OPERATING BUDGET EXPENDITURES OF
THE CITY OF MIAMI BEACH ARE 7,9%
MORE THAN LAST YEAR'S TOTAL OPERATING EXPENDITURES,
iNTERNAL
CASH BALANCE BROUGHT FORWARD
ESTIMATED REVENUES:
Taxes: Miflage Per $1,000
Ad Valorem 7,425 (OperaUng) $79,380,929
Ad Valorem 1.123 (Norm, Shores) 92,301
Ad Valorem 0.748 (Voted Debt) 10,134,942
Franchise 7.110.000
Util~ 12,458.600
Convention Development 1,440.000
Licenses ane Permits 11.446,631
Intergovernmental Revenues 9.677,000
Charges for Services 6,141,136
Fines an¢ Foffenures 3 404,000
Interest 2.836,880
Rents and Leases 2,679,145
Miscellaneous Revenues 6,409,227
Other Financing Sources 27.094.029
TOTAL REVENUES AND OTHER
FINANCING SOURCES ~178.304,820
TOTAL ESTIMATED REVENUES
AND IIALANCF.~ $178,304.820
General Government $27,567,003
Public Safety 105,893,007
Physical Environment 4,44t,587
Transportation 3,202.615
Economic Environment 854,064
Human Services 859,787
Culture & Recreation 23.5t 5,152
Normandy Shores District 136,663
Debt San/ices 10 834,942
Other Financing Us'es O
TOTAL EXPENDITURES/EXPENSES $177,304,820
Reserves 1,000.000
TOTAL APPROPRIATED EXPENDITURES
AND RESERVES ~17B.304,820
GENERAL RDA ENTERPRISE SERVICE
FUND FUNDS FUNDS FUNDS
$0 $0 $4,318,000 $4,983,300
$21,223,277
TOTA~
$9,301,300
$21.223.277
$0 $0 $100,604,2ES
92,301
t0,134,942
7,110,580
12,458,600
3,060,000 4,500,000
11,446,631
9,677,580
89.423.281 34,868,085 130,432,502
1,404,000
488,050 305,198 3,630,128
2,679,145
1.536.472 305.000 8~58,6ES
$0
21,223,277
$94.507.803 $35.478.283 ~329.514.183
588.825.803 ~40.461.583 ~}38~15.483
S21,223,2T/
$0 $38,921,011 $66,488,014
105,893,007
51.798.163 58,239,758
19,380,584 22,ES3,199
22,077,341
859,787
14.572.374 38~)87,526
136,663
12.318.611 ~.540.572 24,694,125
$88,589,132 $40,481,583 $337,059,412
756.071 0 1,758,071
$98.825.803 ~t,0.481 .ES3 ,~38.815.483
THE TENTATIVE ADOPTED, AND/OR FINAL BUDGETS ARE ON FILE iN TNE OFFICE Or.THE ABOVE MENTIONED TAXING AUTHORITY AS A PUBLIC RECORD