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................ ......... ............ ..... $ 130,598,517
B. Less tax reductions due to Value Adjustment
Board and other assessment changes..................... $ 1,607,494
C. Actual property tax levy............................................. $128,991,023
This year's proposed tax levy...............................................$ 167,775,514
All concerned citizens are invited to attend a public
hearing on the tax increase to be held on
Thursday, September 21,2006,
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 2006107
THE PROPOSED OPERATING BUDGET EXPENDITURES OF
THE CITY OF MIAMI BEACH ARE 14.4%
MORE THAN LAST YEAR'S TOTAL OPERATING EXPENDITURES.
INTERNAl .
GENERAL RDA ENTERPRISE SERVICE
FUN'io FUNDS $0 FUNDS FUNDS TOTAL
CASH BALANCE BROUGHT FORWARD $7,863,672 $4,966,682 $12,830,354
ESTIMATED REVENUES:
Taxes: Millage Per $1,000
Ad Valorem 7.37410peretlnQ) $140,307,954 $18,991,324 $0 $0 $159,299,278
Ad VaIonm 0.338 Norm. Shores) 87,949 87,949
Ad Vllorem O.2lll (Voted Debt) 6,561,271 6,561,271
Franchise 8,675,000 8,675,000
Utility 13.478,300 13,478,3OlI
Convention Development 0 4,500,000 4,500,000
Licenses and Permits 13,025,335 13,025,335
Intergovernmental Revenues 11,160,640 3,750,475 14,911,115
Charges for Services 7,490,350 100,165,693 44,623,462 152,279,505
Fines and Forfeitures 1,826,000 1,826,000
Interest 5,300,000 1,345,950 244,000 6,889,950
Rents and Leases 2,934,251 2,934,251
Miscellaneous Revenues 6,013,515 2.383,972 401,328 8,798,815
Other Financing Sources 27,373,802 322,624 1 ,000,000 28.&86,42&
TOTAL REVENUES AND OTHER
FINANCING SOURCES S244,234,367 S18,991,324 $112,468,714 $46,268,790 $C21,963,185
TOTAL ESTIMATED REVENUES
AND BALANCES $244,234,367 $18,991,324 $120,332,386 $51 ,235,m $434,793,549
EXPENDITIIIIE/EXPENSES
General Government $40,735,094 SO $0 $48,950,581 $89,&85,675
Public Safety 132,685.293 132,685,293
Physical Environment 11,191,432 65,678.832 7&,870,2&4
Transportation 4,321,104 23,145,611 27,.,715
Economic Environment 1,085,391 18,991,324 20,076,715
Human Services 1,209,837 1,209,837
Culture & Recreation 29,757,650 16,630,117 46,387,7&7
Normandy Shores District 135,254 135,254
Debt Service 8,474,893 14,877,826 2,284,891 25,637,610
Other Financing Uses 7.500.QO~ $18,991,324 $120,332,386 $51,235,m 7.500.000
TOTAL EXPENDITURESIEXPENSES $237,085,948 1427,&55,130
Reserves 7,138.419 0 0 0 7,138,419
TOTAL APPROPRIATED EXPENDITURES
AND RESERVES $244,234,367 $18,991,324 $120,332,386 $51,235,472 $434,793,549
THE TENTATIVE, ADOPTED, AND/OR FINAL BUDGETS ARE ON FILE IN THE OFFICE OF THE ABOVE MENTIONED
TAXING AUTHORITY !IS A PUBLIC RECORD.
-.-"-----
lfU
1-
:c.o
'0
: 0
; N
~
0::
UJ
(Xl
~
UJ
I-
l:l.
UJ
,.,
~
<C
Q
Z
::l
VI
Q
....
-<
ar:
1&1
:ll:
i:
1tC
i:
III
:ll:
~
E
o
u
'ti
~
QJ
:I:
'e
'"
i:
en
:r