This resolution will communicate to the Miami Dade Property Appraiser's Office the City's proposed millage rate as well as the time, location and date at which public meetings will be held to consider the millage rate and the tentative budget.  To ensure transparency in the budget process and in following best practices, the City Manager has requested a public meeting regarding setting the proposed millage rate for the FY 2015 budget.

The City Manager is recommending no change in the proposed millage rate of 6.6036, which is $6.6036 per $1,000 of assessed property within the City.  If the resolution is approved, this proposed millage rate would be the maximum rate, or "ceiling" rate the City could adopt. The proposed millage rate for FY 2016 maintains the same millage rate since 2011.

Compared to the proposed millage rate of 6.6036, the roll back rate is 7.93% lower, or 0.4851 mills.

Proposed Millage Rate:    6.6036 mills

Roll Back Rate:                6.1185 mills

Difference:                       0.4851 mills

Difference (%):                                7.93%
 

The debt service millage rate for FY 2016 as established in accordance with the provisions of law pursuant to Chapter 200, Florida Statutes is at 0.9733 mills.

The aggregate tentative recommended millage rate is 7.5769 (a combined total millage of 6.6036 mills for operating and 0.9733 mills for debt service).

The following date, time and place are recommended for the first and second public hearings:

September 8, 2015
6:00 PM
City of North Miami Beach
17011 NE 19th Avenue
2nd Floor Council Chambers
North Miami Beach, FL 33162

September 21, 2015
6:00 PM
City of North Miami Beach
17011 NE 19th Avenue
2nd Floor Council Chambers
North Miami Beach, FL 33162