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Presentation: Recommended Proposed FY25 Budget Summary Revenues FY 2024 Adopted Budget Percentage FY 2025 Proposed Budget Percentage City of Miami Beach TIF Contribution 1,082,000$ 56.0%1,396,000 55.7% Miami-Dade County TIF Contribution 851,000$ 44.0%1,090,000 43.5% Interest -$ 0.0%20,000 0.8% Total:1,933,000$ 100.0%2,506,000 100.0% Expenditures FY 2024 Adopted Budget Percentage FY 2025 Proposed Budget Percentage Beautification 290,000$ 15.0%374,000$ 14.9% Enhanced Services: Community Policing 186,000$ 9.6%239,000$ 9.5% Code Compliance 100,000$ 5.2%130,000$ 5.2% Community Cleanliness 100,000$ 5.2%66,000$ 2.6% Arts and Culture 135,000$ 7.0%175,000$ 7.0% Small Business Development 80,000$ 4.1%97,000$ 3.9% Administration 57,000$ 2.9%97,000$ 3.9% Set-aside; Affordable and Workforce Housing 194,000$ 10.0%251,000$ 10.0% Set-aside; Future Projects 791,000$ 40.9%1,077,000$ 43.0% Total:1,933,000$ 100.0%2,506,000$ 100.0% North Beach CRA