LTC 463-2017-Budget Advisory Committee MotionMIAMI BEACH
OFFICE OF THE CITY MANAGER
NO. LTC # 463-2017
LETTER TO COMMISSION
TO: Mayor Philip Levine and Members ,f the City C 'mmission
FROM: Jimmy L. Morales, City Manager
DATE: September 22, 2017
SUBJECT: BUDGET ADVISORY COMMITTEE MOTION
The purpose of this Letter to Commission (LTC) is to inform the Mayor and City Commission
of a motion passed by the Budget Advisory Committee.
The Committee approved a motion recommending that the Mayor and City Commission
adopt the proposed FY 2017/18 millage rate of 5.8888, which is the same as the FY
2016/17 adopted millage rate, by transferring the 0.0132 debt service millage rate
reduction to the operating millage rate. The Committee also recommends that any
unallocated surplus in FY 2017/18 budget be set aside in a reserve to offset the potential
impact of voter referendum regarding an increase to the Homestead exemption. The
Committee's recommendation was approved at their September 20, 2017, meeting.
Attachments
JLM/TOS ,
City of Miami Beach
Budget Advisory Committee
Meeting of September 20, 2017
Members Present: Jonathan Beloff, Brian Harris, Joseph Landesman, Carl
Linder, Ronald Starkman, Steve Zuckerman
Members Absent: Jonathan Fryd, Marc Gidney, Susan Rosenthal
Motion made by: Jonathan Beloff
Motion Second by: Carl Linder
Motion Text:
The Budget Advisory Committee (BAC) approved a motion recommending
to adopt the proposed FY 2017/18 millage rate of 5.8888, which is the
same as the FY 2016/17 adopted millage rate, by transferring the 0.0132
debt service millage rate reduction to the operating millage rate. The
Committee also recommends that any unallocated surplus in FY 2017/18
the budget be set aside in a reserve to offset the potential impact of voter
referendum regarding an increase to the Homestead exemption.
Motion Passage:
Vote 5-3
Abstained 1