| | | | | | | |  | Legislation
2.1.
City of North Miami Beach
17011 NE 19 Avenue
North Miami Beach, Fl 33162
305-947-7581
www.citynmb.com |
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| | | | | | | | | TO: | Mayor and City Commission
| | FROM: | Arthur H. Sorey, III, City Manager | | VIA: | Marcia Fennell, Finance Director | | DATE: | September 21, 2021 |
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| | | | | | | | | RE: | Resolution No. R2021-98 Final Millage Rate for Fiscal Year 2022 (Marcia Fennell, Finance Director) |
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| | | | | | | | Description
| | BACKGROUND ANALYSIS:
| The purpose of this resolution is to establish the millage rates for both the operating and debt service requirements of the City of North Miami Beach for the fiscal year beginning on October 1, 2021 and ending on September 30, 2022.
The resolution includes the following tentative rates:
- Proposed Millage Rate: 6.2000 mills
- Roll Back Rate: 5.9450 mills
- Difference: 0.2550 mills
- Difference (%): 4.29%
The debt service millage rate for Fiscal Year 2022 as established in accordance with the provisions of law pursuant to Chapter 200, Florida Statutes is 0.5740 mills.
The aggregate tentative recommended millage rate is 6.7740 (a combined total millage of 6.2000 mills for operating and 0.5740 mills for debt service).
| RECOMMENDATION:
| Staff recommends approval of the resolution | FISCAL/ BUDGETARY IMPACT:
| $21,589,688 in General Fund.
$1,813,518 for the Community Redevelopment Agency. $2,001,490 for Voted Debt Service. |
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