Resolution 2019-30930 RESOLUTION NO. 2019-30930
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF
THE CITY OF MIAMI BEACH, FLORIDA SETTING 1) THE
PROPOSED OPERATING MILLAGE RATE; 2) THE REQUIRED
DEBT SERVICE MILLAGE RATE; 3) THE CALCULATED
"ROLLED-BACK" RATE; AND, 4) THE DATE, TIME, AND
PLACE OF THE FIRST PUBLIC HEARING TO CONSIDER THE
MILLAGE RATES AND BUDGETS FOR FISCAL YEAR (FY)
2020; AND, FURTHER,AUTHORIZING THE CITY MANAGER TO
TRANSMIT THIS INFORMATION TO THE MIAMI-DADE
COUNTY PROPERTY APPRAISER IN THE FORM REQUIRED
BY SECTION 200.065, FLORIDA STATUTES.
WHEREAS, Section 200.065, Florida Statutes, has specified the method by which
municipalities set the millage rate and adopt an annual budget; and
WHEREAS, development of the FY 2020 budget began early in the year and has included
several discussions with the Mayor and City Commission that included a review of priorities,
economic projections, and their impacts on the budget and preliminary projected revenues and
expenditures; and
WHEREAS, over the last several years, the City of Miami Beach has adopted budgets
that have provided tax and fee relief, while at the same time providing improved levels of services
that address needs and priorities identified by the community; and
WHEREAS, maintaining and enhancing the City's priorities have become increasingly
more challenging due to a slowdown in the increase of property values, declining property tax
rates, and increasing personnel costs that include pension-related costs; and
WHEREAS, the July 1, 2019 Certification of Taxable Value from the Miami-Dade County
Property Appraiser reflects an overall increase of 3.1 percent in citywide property tax values from
the July 1, 2018 Certification of Taxable Value, a 4.4 percent increase in property tax values in
the City Center Redevelopment Area (RDA), and a 2.9 percent increase in property tax values
outside of the City Center RDA, which directly impacts General Fund property tax revenues; and
WHEREAS, based on the July 1, 2019 Certification of Taxable Value from the Miami-
Dade County Property Appraiser, it is proposed that the City's Total General Operating millage
rate for FY 2020 remain the same at 5.7288 mills while the Voted Debt Service millage rate for
FY 2020 be increased by 0.1333 mills, based on the 3.1 percent increase in the 2019 Certification
of Taxable Value from the Miami-Dade County Property Appraiser; and
WHEREAS, the City's current Total General Operating millage rate of 5.7288 that is
proposed to remain the same for FY 2020 is comprised of a General millage that funds operating
costs in the General Fund, a Capital Pay-As-You-Go (PayGo) millage that funds General Fund
capital projects, and a Capital Renewal and Replacement millage that provides a dedicated
source of funding for renewal and replacement projects that extend the useful life of General Fund
capital assets; and
WHEREAS, the City's Voted Debt Service millage rate increase of 0.1333 mills proposed
for FY2020, which increases the Voted Debt Service millage rate from the adopted FY 2019 rate
of 0.1600 to the proposed FY 2020 rate of 0.2933 mills, is necessary to fund the debt service from
the first tranche of General Obligation bonds, totaling $153 million, of the overall $439 million
General Obligation (G.O.) Bond program approved by the voters on November 6, 2018; and
WHEREAS, the City of Miami Beach is required to notify the Miami-Dade County Property
Appraiser of the Proposed Millage Rates, the "rolled-back" rate, and the date, time, and place of
the first public hearing; and
WHEREAS, the January 1, 2018 tax roll declined by $696.4 million between the certified
July 1, 2018 valuation and the final July 1, 2019 valuation due to appeals and adjustments, which
is part of the reason why the FY 2020 "rolled-back" rate is 5.5522, which is 0.1766 mills lower
than the adopted FY 2019 Total General Operating millage rate of 5.7288 mills.
NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND THE CITY
COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the following recommendations
of the Administration be and are hereby ratified for transmittal to the Miami-Dade County Property
Appraiser, as specified in Section 200.065, Florida Statutes:
1) Proposed Millage Rates for FY 2020:
General Millage 5.6298 mills
Capital Renewal & Replacement Millage 0.0235 mills
Pay-As-You-Go (PayGo) Millage 0.0755 mills
Total General Operating Millage 5.7288 mills (same as last year)
Voted Debt Service Millage 0.2933 mills (0.1333 increase over last year)
Total Combined Millage 6.0221 mills
2) "Rolled-Back" Rate 5.5522 mills
3) The first public hearing to consider the proposed millage rates and budgets for FY
2020 shall be held on Wednesday, September 11, 2019, at 5:01 P.M., in the City
Commission Chambers at 1700 Convention Center Drive, 3rd Floor, Miami Beach,
Florida 33139.
PASSED and ADOPTED, this 31st day of July, 2019.
ATTEST:
Dan Gelber, Mayor
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APPROVED AS TO
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Rafa E. Granado, City Clerk `SS ' v ' •�ti!, dit ='� T%`rCUTION
INCORP ORATED: *
City Attorney Dat
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Resolutions - R7 D
MIAMI BEACH
COMMISSION MEMORANDUM
TO: Honorable Mayor and Members of the City Commission
FROM: Jimmy L. Morales, City Manager
DATE: July 31, 2019
SUBJECT:A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY
OF MIAMI BEACH, FLORIDA SETTING 1) THE PROPOSED OPERATING
MILLAGE RATE; 2) THE REQUIRED DEBT SERVICE MILLAGE RATE; 3)
THE CALCULATED "ROLLED-BACK" RATE;AND, 4) THE DATE, TIME, AND
PLACE OF THE FIRST PUBLIC HEARING TO CONSIDER THE MILLAGE
RATES AND BUDGETS FOR FISCAL YEAR (FY) 2019/20; FURTHER
AUTHORIZING THE CITY MANAGER TO TRANSMIT THIS INFORMATION
TO THE MIAMI-DADE COUNTY PROPERTY APPRAISER IN THE FORM
REQUIRED BY SECTION 200.065, FLORIDA STATUTES.
Legislative Tracking
Budget and Performance Improvement
ATTACHMENTS:
Description
❑ MEMO - FY 2020 Proposed General Fund Millage
Page 1057 of 1288
MIAMI BEAC H
City of Miami Beach, 1700 Convention Center Drive,Miami Beach,Florida 33139,www.miamibeachfl.gov
COMMISSION MEMORANDUM
TO: Mayor Dan Gelber and Members of the City Commission
FROM: Jimmy L. Morales, City.Manager
DATE: July 31, 2019
SUBJECT: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI
BEACH, FLORIDA SETTING 1) THE PROPOSED OPERATING MILLAGE RATE; 2)
THE REQUIRED DEBT SERVICE MILLAGE RATE; 3) THE CALCULATED
"ROLLED-BACK" RATE; AND, 4) THE DATE, TIME, AND PLACE OF THE FIRST
PUBLIC HEARING TO CONSIDER THE MILLAGE RATES AND BUDGETS FOR
FISCAL YEAR(FY)2020;AND, FURTHER,AUTHORIZING THE CITY MANAGER TO
TRANSMIT THIS INFORMATION TO THE MIAMI-DADE COUNTY PROPERTY
APPRAISER IN THE FORM REQUIRED BY SECTION 200.065, FLORIDA
STATUTES
ADMINISTRATION RECOMMENDATION
The Administration recommends that the Mayor and City Commission adopt the attached
Resolution, which authorizes the City Manager to transmit the following information to the Miami-
Dade County Property Appraiser:
1) Proposed Millage Rates for FY 2020:
General Millage 5.6298 mills
Capital Renewal & Replacement Millage 0.0235 mills
Pay-As-You-Go (PayGo) Millage 0.0755 mills
Total General Operating Millage 5.7288 mills (same as last year)
Voted Debt Service Millage 0.2933 mills (0.1333 increase over last year)
Total Combined Millage 6.0221 mills
2) "Rolled-Back" Rate 5.5522 mills
3) The first public hearing to consider the proposed millage rates and budgets for FY 2020
shall be held on Wednesday, September 11, 2019, at 5:01 P.M., in the City Commission
Chambers at 1700 Convention Center Drive, 3rd Floor, Miami Beach, Florida 33139.
The "rolled-back" millage rate for FY 2020 is the millage rate required to produce the same level
of property tax revenues in the General Fund in FY 2020 as anticipated to be received in FY 2019.
It is important to note that the overall January 1, 2018 citywide tax roll declined by almost$696.4
million between the July 1, 2018 certified valuation and the July 1, 2019 final valuation due to
appeals, adjustments, etc., which is part of the reason the FY 2020 "rolled-back" rate is 0.1766
mills lower than the FY 2019 General Operating millage rate and is lower than it would have been
if the "rolled-back" rate was only adjusted for the increase in revenues generated by higher
property values. The area outside of the City Center Redevelopment Area (RDA), which impacts
Page 1058 of 1288
FY 2020 Proposed Millage Rate
July 31, 2019
Page 2
General Fund revenues directly, decreased in value by approximately $501.1 million during the
same period.
The proposed millage rate for FY 2020 provides funding to offset increases for personnel costs,
such as an increase in the annual required pension contributions, a 1 percent Cost of Living
Adjustment (COLA) effective April 1, 2020; a 5 percent Step increase for all Fraternal Order of
Police (FOP) and International Association of Fire Fighters (IAFF) personnel; a 0-3 percent
performance-based merit increase for all non-FOP and IAFF personnel; the impact of annualized
costs for expenditures approved by the Mayor and City Commission mid-year during FY 2019
including, but not limited to the STEAM Program and re-organization of the Tourism, Culture, and
Economic Development Department into two separate departments; and other increases in
operating and internal services funds expenditures.
There are two main components to the City's Total Combined millage rate. An Operating millage
rate and the Voted Debt Service millage rate. The Operating millage rate, which is comprised of
a General, a Renewal and Replacement, and a Pay-As-You-Go (PayGo) component, funds
General Fund operating and capital expenditures while the Voted Debt Service millage rate funds
debt service for outstanding General Obligation (G.O.) bonds.
On November 6, 2018, the City of Miami Beach voters approved the issuance of a $439 million
G.O. Bond to fund a total of 57 capital projects citywide, ranging from vertical construction,
roadwork, park constructions and renovations, technology implementation, renewals and repairs,
and underground infrastructure work. The required FY 2020 Voted Debt Service millage rate
would provide for funding of the first tranche, totaling $153 million, of the $439 million G.O. Bond
program through the assessment, levy, and collection of ad-valorem tax on all property within the
City and the full faith, credit, and taxing power of the City pledged to the payment of the principal
and interest on the bonds issued as part of the voter-approved G.O. Bond Program.
For FY 2020, the total required debt service payment is $11.8 million, which requires the levy of
a Voted Debt Service millage rate of 0.2933 mills. The FY 2020 Voted Debt Service millage rate
is 0.1333 mills more than the Voted Debt Service millage rate adopted in FY 2019 of 0.1600 mills
due to the new voter-approved G.O. Bond Program. The required $11.8 million payment for FY
2020 is comprised of remaining debt service on the City's outstanding 2011 G.O. Bonds of$4.7
million, plus $7.1 million attributed to the new voter-approved G.O. Bond Program.
It is important to note that the required FY 2020 Voted Debt Service millage rate is reflective of
approximately $621,000 in anticipated debt service savings resulting from refunding of the City's
2003 G.O. Bonds during FY 2019 that will be carried forward and utilized to fund the required FY
2020 debt service payment for the City's outstanding 2011 and 2019 G.O. bonds.
FY 2019 FY 2020 Increase/
Adopted II Proposed (Decrease) ,
General 5.6298 5.6298 0.0000
Capital Renewal&Replacement 0.0235 0.0235 0.0000
Pay-As-You-Go(PayGo) 0.0755 0.0755 0.0000
Total General Operating Millage 5.7288 5.7288 0.0000
Debt Service 0.1600 0.2933 0.1333
Total Combined Millage 5.8888 6.0221 0.1333
Page 1059 of 1288
FY 2020 Proposed Millage Rate
July 31, 2019
Page 3 -
ANALYSIS OF PROPERTY VALUES IN MIAMI BEACH
On July 1, 2019, the City received the 2019 Certification of Taxable Value from the Miami-Dade
County Property Appraiser indicating that the overall taxable value for the City of Miami Beach
was $40.1 billion, including $302.5 million in new construction. Overall, this represents a 3.1
percent increase in values from the 2018 Certification of Taxable Value provided by the Miami-
Dade County Property Appraiser on July 1, 2018.
July 2018 July 2019 $ t
Certified Certified Change Change
Property Assessment
Existing Values 38,701,545,195 39,796,383,821 1,094,838,626 2.8%
New Construction 186,115,906 302,508,638 116,392,732 62.5%
Total Citywide 38,887,661,101 40,098,892,459 1,211,231,358 3.1%
City Center RDA -5,993,199,959 -6,258,372,786 -265,172,827 4.4%
Total Citywide-Net of City Center RDA 32,894,461,142 33,840,519,673 946,058,531 2.9%
Property Tax Revenue Projection 182,168,000 187,389,000 5,221,000 2.9%
Further, the following table shows the difference between the 2019 Certification of Taxable Value
from the Miami-Dade Property Appraiser as of July 1, 2019 and the 2019 Estimated Taxable
Value as of June 1, 2019 provided by the Miami-Dade County Property Appraiser.
--- --------------------- -- -------- --
June 2019 { July 2019
Preliminary ! Certified ;I Change ! Change
Property Assessment
-- - --- --- -- ---------- -- ----_---- ----- ---- - ---- - - ------- - ----Existing Values 39,800,000,000 39,796,383,821 -3,616,179 -0.01%
New Construction 235,000,000 302,508,638 67,508,638 28.7%
Total Citywide 40,035,000,000 40,098,892,459 63,892,459 0.2%
City Center RDA -6,292,859,957 -6,258,372,786 -34,487,171 -0.5%
Total Citywide-Net of City Center RDA 33,742,140,043 33,840,519,673 98,379,630 0.3%
Property Tax Revenue Projection 186,863,000 187,389,000 526,000 0.3%
Preliminary property tax revenue projections as of June 1, 2019 assumed property values within
the City Center RDA would increase by approximately 5.0 percent over the 2018 Certification of
Taxable Value based on historical trends. However, based on the 2019 Certification of Taxable
Value provided by the Miami-Dade County Property Appraiser's Office as of July 1, 2019, property
values within the City Center RDA increased approximately 4.4 percent, thereby slightly
increasing citywide General Fund property tax revenues by a greater percentage than originally
projected as of June 1, 2019.
Lastly, citywide taxable values, excluding the City Center RDA district as of July 1, 2019,
increased from $32.9 billion to $33.8 billion, which is an increase of approximately$946.1 million,
or 2.9 percent, over the 2018 Certification of Taxable Value provided by the Miami-Dade Property
Appraiser.
January1,2018 Value(in billions) 1 January 1,2019 Value(in billions)_,
JulyRevised� --Change in 1,1-1. July 1
2018 Value % ,2019 II $ % i
2018 (FY2020 I
(FY2019 ;l (FY2019 Values III' Chg. I! Budget) II Chg. ; Chg.
Bud.et Pro'ection
Total Citywide 38.888 38.191 (0.696) -1.8% 40.099 1.211 3.1%
City Center RDA 5.993 5.798 (0.195) -3.3% 6.258 0.265 4.4%
Citywide-Net of City Center RDA 32.894 32.393 (0.501) -1.5% 33.841 0.946 2.9%
Page 1060 of 1288
FY 2020 Proposed Millage Rate
July 31, 2019
Page 4
VALUE OF ONE MILL OF TAXABLE VALUE
The first building block in developing a municipal budget is the establishment of the value of one
mill of taxation, wherein the mill is defined as $1.00 of ad valorem tax for every$1,000 of property
value. For the City of Miami Beach, the value for each mill for the proposed FY 2020 budget is
determined by the 2019 Certification of Taxable Value, which has been set at $40.1 million per
mill levied. Florida Statutes permit a discount of up to five percent for early payment discounts,
delinquencies, etc. Therefore, the 95 percent value of one mill citywide is approximately $38.1
million. Net of Center City RDA tax increment available to the General Fund, the value of one mill
at 95 percent is approximately$32.7 million.
DETERMINING THE VOTED DEBT SERVICE MILLAGE LEVY
On November 6, 2018, the City of Miami Beach voters approved the issuance of a $439 million
G.O. Bond to fund a total of 57 capital projects citywide, ranging from vertical construction,
roadwork, park constructions and renovations, technology implementation, renewals and repairs,
and underground infrastructure work. The required FY 2020 Voted Debt Service millage rate
would provide for funding of the first tranche, totaling $153 million, of the $439 million G.O. Bond
program through the assessment, levy, and collection of ad-valorem tax on all property within the
City and the full faith, credit, and taxing power of the City pledged to the payment of the principal
and interest on the bonds issued as part of the voter-approved G.O. Bond Program.
For FY 2020, the total required debt service payment is $11.8 million, which requires the levy of
a Voted Debt Service millage rate of 0.2933 mills. The FY 2020 Voted Debt Service millage rate
is 0.1333 mills more than the Adopted FY 2019 Voted Debt Service millage rate of 0.1600 due to
the new G.O. Bond Program. The required $11.8 million payment for FY 2020 is comprised of
remaining debt service required for the City's outstanding 2011 G.O. Bonds of$4.7 million, plus
$7.1 million attributed to the new voter-approved G.O. Bond Program.
It is important to note that the required FY 2020 Voted Debt Service millage rate is reflective of
approximately $621,000 in anticipated debt service savings resulting from refunding of the City's
2003 G.O. Bonds during FY 2019 that will be carried forward and utilized to fund the required FY
2020 debt service payment for the City's outstanding 2011 and 2019 G.O. bonds.
IMPACT OF PROPOSED MILLAGE LEVY IMPACT ON PROPERTY OWNERS
Homesteaded Properties
In 1992, voters approved an amendment to the Florida Constitution known as Amendment 10, or
Save Our Homes (SOH). SOH is an assessment limitation, or"cap", on increases in the assessed
value of a homestead residence. Those increases are limited to 3 percent or the percent change
in the CPI (Consumer Price Index), whichever is less. The "cap" goes into effect beginning the
year after a homestead exemption is granted.
Based on property values as of July 1, 2019, the median value of homesteaded property in Miami
Beach is $195,522 while the average is $500,407. The impact of the City's proposed FY 2020
Total Combined millage rate of 6.0221 mills on the median homesteaded property within the City
would be an increase of$33 while the impact to the average value homesteaded property within
the City would be an increase of$106 as summarized in the table below.
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FY 2020 Proposed Millage Rate
July 31, 2019
Page 5
-_ - _-Homesteaded Properties
11— FY 2019 FY 2020
jj Median*' 1! Average** Median** Average**
Preliminary Taxable Value** $ 194,251 $493,753 $195,522 $500,407
City of Miami Beach
Operating $ 1,113 $2,829 $ 1,120 $2,867
Voted Debt 31 79 57 147
Total Miami Beach $ 1,144 $2,908 $ 1,177 $3,014
$Change in Taxes
Operating $7 $38
Voted Debt 26 68
Total Miami Beach $33 $106
**Source: Miami-Dade County Property Appraiser's—2018 and 2019-Preliminary Average-Median-
Homestead-Residential-Values files
Additional Millage Rate Analysis
At the June 28, 2019 FCWPC meeting, it was requested that the Administration provide an
analysis of the additional millage rate that would be necessary to fully fund the City's current
capital renewal and replacement needs for FY 2020. Based on the 2019 Certified Taxable Values
provided by the Miami-Dade County Property Appraiser's Office and the City's Total Combined
millage rate proposed for FY 2020, the table below reflects different levels of additional funding
for renewal and replacement of General Fund capital assets, including the actual amounts of
unfunded FY 2020 Capital Renewal and Replacement(*$4.5 million)and Capital Pay-As-You-Go
(*$7.0 million) requests, along with the additional necessary millage rate increases and impacts
on the median and average value of homesteaded property in Miami Beach as of July 1, 2019 ,
reflected above.
Additional 1, Additional I' Additional '
Additional ,, Millage I $Impact on $Impact on
Funding 1 Required I, Median Value Average Value
1,000,000 0.0306 6 15
4,504,000* 0.1377 27 69
5,000,000 0.1529 30 76
7,019,000* 0.2146 42 107
10,000,000 0.3057 60 153
It is important to note that any of the additional funding levels reflected above, corresponding
required millage rate, and additional impact on the average median and average homesteaded
property, if approved by the City Commission, would be in addition to the impact from the current
Total Combined millage rate proposed for FY 2020. For example, if the current Total General
Operating millage rate of 6.0221 proposed for FY 2020 were increased by 0.1377 mills to 6.1598
(additional $4.5 million for unfunded capital requests), the cumulative impact on the median
homesteaded property within the City would be an increase of$60 instead of$33 while the impact
to the average value homesteaded property within the City would be an increase of$175 instead
of$106.
Page 1062 of 1288
FY 2020 Proposed Millage Rate
July 31, 2019
Page 6
Historical Perspective
It is important to note that in prior years, the City of Miami Beach significantly reduced tax rates
as property values increased. Between FY 2000 and FY 2010, property tax rates declined
approximately 2.8 mills. In FY 2008 alone, the property tax rate declined by approximately 1.8
mills with annual savings to the average homesteaded property of over $400. In addition, in FY
2006 and FY 2007, the City funded $200 and $300 homeowner dividends paid to homesteaded
property owners in the City. The City's Total Combined millage rates for FY 2017, FY 2018, and
FY 2019 were the lowest it has been in at least 20 years.
STATUTORY REQUIREMENTS
Florida Statute 200.065, entitled "Method of Fixing Millage," establishes specific guidelines that
must be used by all local government entities in setting millage (property tax) rates. Under the
Florida Statute,the City is required,within 35 days of receipt of the"Certification of Taxable Value"
(received July 1, 2019), to advise the Miami-Dade County Property Appraiser of the proposed
Total General Operating millage rate, the calculated "rolled-back" rate and the date, time, and
place of the first public hearing to consider the proposed millage rates and budgets for FY 2020.
The required Voted Debt Service millage rate must also be set at the same time as the Total
General Operating millage rate.
After setting the proposed FY 2020 millage rate, the Mayor and City Commission may, at any time
prior to the final adoption, lower the rates by adjusting priorities. However, increasing the millage
rate may only be accomplished by an expensive mailing and advertising process to every property
owner on Miami Beach. The City's proposed operating millage rate as well as that of other taxing
authorities will be included in the Truth-in-Millage (TRIM) statement sent to each property owner
in the City.
MAXIMUM MILLAGE DETERMINATION
As presented at the May 21, 2019 Commission Budget Workshop and Finance and Citywide
Projects Committee (FCWPC) Budget Briefings, the FY 2020 Total General Operating millage
rate is proposed at 5.7288 mills, which reflects no change from the prior year FY 2019 adopted
Total General Operating millage rate. Based on the July 1, 2019 Certification of Taxable Value
received from the Miami-Dade County Property Appraiser,the levy of 5.7288 mills would generate
approximately$187.4 million in General Fund property tax revenues, which is an increase of$5.2
million over FY 2019 budgeted property tax revenues Citywide (net of the City Center RDA).
Further, pursuant to State Statute, the City may elect to approve millage rates above the "rolled-
back" rate up to the constitutional cap of 10 mills, subject to the following votes by the Commission
or referendum:
• Option I: A majority approval of the Mayor and City Commission is required to approve a
millage up to 6.1727 mills (equivalent to a 3.39% increase in Property Tax revenues). The
1.0339 increase is the State per capita personal income gain for the prior calendar year.
• Option II:A two-thirds approval (5 of 7 votes)of the Mayor and City Commission is required
to approve a millage up to 6.7900 mills (equivalent to a 10% increase in Property Tax
revenues above Option I).
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FY 2020 Proposed Millage Rate
July 31, 2019
Page 7
• Option III: A unanimous approval of the Commission or referendum is required to approve
a millage above 6.7900 mills.
Adoption of the Total General Operating millage rate of 5.7288 mills proposed for FY 2020 would,
therefore, require a majority approval (4 of 7 votes) by the Mayor and City Commission per the
State of Florida's Truth-in-Millage (TRIM) requirements.
By August 4, 2019 the City Manager will certify the proposed millage rate to the Miami-Dade
County Property Appraiser. The proposed millage rate will be included in the TRIM notices that
will be mailed by the Property Appraiser on August 24, 2019. The purpose of the TRIM notice is
to notify property owners of how much their property taxes could potentially increase or decrease
and which governmental entity is responsible for the taxes levied.
As such, the proposed millage rate effectively sets the "ceiling" for the millage rate during the
budget process because it cannot be increased without sending out a new TRIM notice to all
property owners in Miami Beach. However, the millage rate can remain the same or be decreased
throughout the remainder of the budget process until the final millage rates are adopted by the
Mayor and City Commission at the second public hearing to be held on September 25, 2019 at
5:01 p.m.
FIRST PUBLIC HEARING
The first public hearing on the proposed operating millage rate and budget for FY 2020 must be
held no later than 80 days, or earlier than 65 days, from the start of the TRIM calendar(July1St).
Other guidelines are: 1) The public hearing cannot be scheduled on a Sunday or on those days
utilized by Miami-Dade County or the Miami-Dade County School Board for their public hearing;
2) If on a day other than Saturday, it must be held after 5:00 P.M.; and, 3) The principal taxing
authority (City of Miami Beach) must adopt its millage rate prior to adopting its annual budget.
Based on these guidelines, the first hearing must be held between September 3, 2019 and
September 18, 2019. These dates are unavailable for the following reasons:
September 8 and 15 Sundays
September 4 Miami-Dade County School Board Public Hearing
September 5 Miami-Dade County Public Hearing
Of the remaining days available, it is recommended that the first public hearing be held on
Wednesday, September 11, 2019, at 5:01 P.M., in the City Commission Chambers at 1700
Convention Center Drive, 3rd Floor, Miami Beach, Florida 33139.
JLM/JW/TOS
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