This resolution will communicate to the Miami-Dade Property Appraiser's Office the City's proposed millage rate and 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 2020 budget.
The City Manager is recommending a proposed millage rate of 6.3000 mils, which is $6.3000 per $1,000 of assessed property within the City. Upon approval, this will be the maximum rate or "ceiling" rate the City can adopt.
The proposed millage rate of 6.3000 is 4.84%, or 0.2908 mils higher than the rolled-back rate of 6.0092.
Proposed Millage Rate: 6.3000 mils
Rolled-back Rate: 6.0092 mils
Difference: 0.2908 mils
Difference (%): 4.84%
The debt service millage rate for FY 2020 as established in accordance with the provisions of law pursuant to Chapter 200, Florida Statutes is 0.6194 mils.
The aggregate proposed millage rate is 6.9194 ( a combined total millage of 6.3000 mils for operating and 0.6194 mils for debt service).
The following date time and place are recommended for the first and second public hearings:
September 3, 2019
6:00 PM
City of North Miami Beach
17011 NE 19th Avenue
2nd Floor Commission Chambers
North Miami Beach, FL 33162
September 17, 2019
6:00 PM
City of North Miami Beach
17011 NE 19th Avenue
2nd Floor Commission Chambers
North Miami Beach, FL 33162 |