Notice of Proposed Tax Increase & Budget SummaryCITY 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 :....................................$ 152,007,177
B. Less tax reductions due to Value Adjustment
Board and other assessmentchanges ..:...................$ 4,042,686
C. Actual property tax levy. ..................:...:..................$147,964,491
m
f''
This year's proposed tax levy ..............................................$152,229,784
All concerned citizens are invited to attend a public hearing on the tax increase to be
held on
Wednesday, September 17, 2008,
5:01 P.M.
at
1700 Canventi9n Center Drive
City Hall Commission Chambers, 3rd Floor
Miami Beach, Florida 33139
A FINAL DECISION on the proposed tax increase and the budget will be made at
this hearing.
BUDGET SUMMARY.
CITY OF MIAMI BEACH -FISCAL YEAR 2008/09
THE PROPOSED OPERATING BUDGET EXPENDITURES OF
THE CITY OF MIAMI BEACH ARE 8.3%
MORE THAN LAST YEAR'S TOTAL OPERATING EXPENDITURES.
G o. peer 1NiERNnE
' GENEPAI SEAWCE RpA EN6EAPNSE SEO'ACE
FUND NNp - NNE NNp$ FUNpS TOTAI'
CASX BAWICE BROUGII4 FOIIWARp
EEpMATEp REYFNiiS: $ 0 8 0 $ 0 '$ 4,312,000 $1,7/9,360 S 8,991,190
Taxes. Millage Per $1,COp
AE Valorem 5.55 ~OpemtlnA) $125,938204 $1],050,335 $ 0 $ 0 $1/3,790.539
Atl Valorem O.T277lNam. $Oareal 98,931 99,991
AO Valorem p23/54YOh9 pebQ ~ ~ 6069019 9,069,019
Franchise 10541,200 - 10,511,200
U1ilily 13,460,550 73,1W,550
convamion pevemDmem p asoe,3pe 1seo,eeo
licenses antl Perm85 14,00],042 10.90;042
In@rgovemmental 10.001 020 2,405,168 ~ 12,108,589
ChNAes far Servroz. 11,65],981 122,]52,222 O,d88,360 191,BB9,Sfi3
Fines antl FOtleiWres 2,0]5,000 2,Ip5,000
ImerestFarnings 6,310,000 2,469,450 ]80,000 9,09p50
Aen15 antl Leaaes 4,403,002 1A83A02
M6cellaneous ],]10,555 2,346,6]0 516,360. 10.57 `3.+93
ONer Hnancing Sources ~ 29,02],990 29;027,990
TOTAI REVENUES ANOOIXF.R
Fl9UURU16 SOURCE $236,111,925 50,009,019. $1],850,336 $139,493,510 $49]94,]29 (113,308,51]
lOrPI ESTIMATED REVENUES
AXO 9NANCFS 5236,111,975- 58,068,M9 ft1,850.3~ .. 5138,908(10 559,563A99 fW9,109,s7I
ExPE7lpnuRFiExrEraE$
General Government $ 34469,551 E 0 $ 0 $ 0 $48,19],395 f 82,0.0.8
Public Safety .145,42],191 1A5,O7,1BI
PoysiWl Fnmmnmen[ 1,621,]94 fi4,508125 66,207,819
imraportalim d,2fi1 ]96 25,108,562 - 70.970,38
E,wrromic Envimnmenl 1,0]1,5]4 1],850,335 10.92151M
Human Services 12500]9 1,250,0]9
Cu9ure6 Recrea4im 33,323,49fi 15,643,661 18,991,30
Normantly Shoms Oigrlcf 152,2]8 152,2]8
DeM Service 1,915222 6,069,019 15,093,69] 2,375,]03 75,/53,631
Other Rnancing USearCaDOal Trdnmms 11,319,9]4 ~ 11,318,97a
7OTALE~U'EROINRFS/F]PFIISES 5234,811,925 56,069,019 ft],A50,335 5121,032,235 f50S60.088 $a30,32Qfip2
ComingencylNeserves 1,300,810 0 0 1],]]4,0]5 0 19,014,0]5
iI1TAl APABPRMTEO F]WEIIWTURES
AHp RESERVES 5236,111,925 f&OM,b19 f17,~0,3% 5138,908,310 550,563,089 fW9,IW,8n
TNETENTATWE. ADOPTEO.ANp/DR Fl4NL BUOGET$MEON FILE IN THE OFFICE Of THEABOVE MEN110NE0 iAl'JNG AU910AITY.0.5A %1&iG HECORp:'.,