R7D_Millage info 7-31-19Community Survey
Condition of
streets is #4
Condition of
sidewalks is #10
Importance-Satisfaction Rating
City of Miami Beach Resident Survey
OVERALL
Category of Service
Most
Important
%
Most
Important
Rank
Satisfaction
%
Satisfaction
Rank
Importance-
Satisfaction
Rating
I-S Rating
Rank
High Priority (IS .10-.20)
Efforts to address homelessness22%630%280.15031
Condition of streets26%447%260.14072
Efforts to manage stormwater drainage and flooding
22%550%230.10983
Quality of Police services37%172%160.10244
Cleanliness of streets in your neighborhood33%269%17 0.10165
Medium Priority (IS <.10)
Condition of sidewalks (few or no cracks)17%1042%270.09586
Overall quality of the beaches32%376%80.07707
Cleanliness of canals/waterways15%1549%240.07558
Street lighting18%964%180.06489
Community Survey
G.O. Bond Prioritization Survey
Rated #1
@73%
Rated #12
@57%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
(0-20)(20-40)(40-60)(60-80)(80-90)(90-100)
PoorPoorMarginalFairGoodGood
1.7%
6.1%
19.1%
35.3%
14.0%
23.8%
Sidewalk Condition Index
Need $500,000 annually
to maintain or improve
ratings of “Fair” or “Good”
Addressed thru
the G.O. Bond
Excellent
Good
Fair
Poor
Very Poor
Failed
Pavement Condition Index
PCI
100
80
60
40
20
0
05 101520
Years
Milling and paving before road
degrades past “Fair” can extend
pavement life indefinitely Road rehabilitation or
reconstruction can cost 5
to 10 times more than
milling and paving
Good Condition PCI 100-85
Biarritz
Drive
Royal Palm
Drive
Meridian
Ave
Satisfactory Condition PCI 84-70
Washington
Avenue
N Adams
Avenue
S Shore Drive
Fair Condition PCI 69-55
16 StreetMichigan AveBiarritz
Avenue
Poor Condition PCI 54-40
7 StreetDrexel AvenueN Bay Road
Very Poor Condition PCI 40-25
Jefferson
Court
Pennsylvania
Avenue
15 Street
Serious Condition PCI 25-10
Meridian Ave
(Pre-GOB)
Lenox Avenue17 Street
Pavement Condition Index
•Pavement assessment study in 2017
–City of Miami Beach roads have average weighted
PCI of 72.4
–Maintaining the City’s current PCI would require
spending of approximately $6.8 million per year
•Does not include impact from G.O. Bond Paving
Program project and planned Neighborhood
Improvement projects
•Revises annual spend to approximately $3 million
PAYGO and Renewal & Replacement
•FY 2020 Pay-As-You-Go (PAYGO) is $2.4M
–Previously as high as $7.5M in FY 2007
–FY 2020 capital requests of $10.2M
•FY 2020 Renewal & Replacement is $767K
–Previously as high as $3.5M in FY 2007
–FY 2020 capital requests of $5.4M
•FY 2020 Capital Budget process includes
$11.5M of unfunded capital requests
G.O. Bond Pricing
•G.O. Bond 1st Tranche
–Priced in April, 2019
–Lower interest rate resulted in savings of $28 million
–Refunding of prior bonds saved $4.9 million
•Future tranches
–Interest rates dependent on market conditions
Millage Rate
Comparison
FY 2019 Millage Rates
10 mill cap per Florida Statute
Municipality
Operating
Rate
Debt Service
Rate
Total Millage
Rate
Opa-Locka9.80009.8000
Biscayne Park9.70009.7000
Golden Beach7.48000.92008.4000
Miami Shores7.90000.41928.3192
El Portal8.30008.3000
Miami7.58650.44358.0300
Miami Gardens6.93630.97097.9072
North Miami7.50007.5000
Miami Springs7.35007.3500
Florida City7.18587.1858
North Miami Beach6.30000.71587.0158
West Miami6.88586.8858
Homestead5.92150.53006.4515
Indian Creek6.40006.4000
Hialeah6.30186.3018
Medley6.30006.3000
North Bay Village5.52000.62636.1463
Miami Beach5.72880.16005.8888
Coral Gables5.59005.5900
Hialeah Gardens5.16135.1613
Virginia Gardens5.10005.1000
Surfside4.50004.5000
South Miami4.30004.3000
Sweetwater3.99483.9948
Bay Harbor Island3.71993.7199
Key Biscayne3.10003.1000
Cutler Bay2.43232.4323
Pinecrest2.39902.3990
Miami Lakes2.31272.3127
Palmetto Bay2.23872.2387
Sunny Isles2.20002.2000
Bal Harbour1.96541.9654
County-MSTU1.92831.9283
Doral1.90001.9000
Aventura1.72611.7261
With additional GO Bond
debt service, millage will
increase to 6.0221
Add’tl$1 million = 0.0306
for total of 6.0527
Add’tl$5 million = 0.1529
for total of 6.1750
Add’tl$10 million = 0.3057
for total of 6.3278
Millage Rate Information
Add’tlFundingAdd’tlMillage$ Impacton
Median Value
$ Impact on
Average Value
$1 million0.0306615
$5 million0.15293076
$10million0.305760153