HomeMy WebLinkAbout2017-130-3235 Setting Millage Rate FY 2017-18 1
City of Miami Gardens
Agenda Cover Memo
Council Meeting
Date:
July 26, 2017 Item Type:
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Resolution Ordinance Other
X
Fiscal Impact:
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Yes
No Ordinance Reading:
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1st
Reading
2nd Reading
X Public Hearing:
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Yes No Yes No
X
Funding Source:
Advertising
Requirement:
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Yes No
X
Contract/P.O.
Required:
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Yes No RFP/RFQ/Bid #:
N/A X
Strategic Plan
Related
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Yes No Strategic Plan Priority Area:
Enhance Organizational
Bus. & Economic Dev.
Public Safety
Quality of Education
Qual. of Life & City Image
Communication
Strategic Plan Obj./Strategy: (list
the specific objective/strategy this item will
address)
X
Sponsor Name
Cameron
Benson
City Manager
Department: City Manager’s Office
Short Title:
A RESOLUTION OF THE CITY OF MIAMI GARDENS, FLORIDA, ADOPTING
A PROPOSED MILLAGE RATE TO BE LEVIED FOR FISCAL YEAR 2017-18
FOR OPERATING PURPOSES; ESTABLISHING THE DEBT SERVICE
MILLAGE RATE APPROVED BY THE ELECTORATE IN APRIL 2014;
SETTING THE DATE, TIME AND PLACE OF PUBLIC HEARINGS TO
CONSIDER THE PROPOSED MILLAGE RATE, DEBT SERVICE MILLAGE
RATE AND TENTATIVE BUDGET; PROVIDING FOR DIRECTIONS TO THE
CITY MANAGER; AND PROVIDING FOR AN EFFECTIVE DATE
Staff Summary:
On July 1, 2017 the City received the certification of 2017 taxable value for fiscal year 2018.
Pursuant to Chapter 200, Florida Statues, the City has to certify with Property Appraiser Office
2
utilizing Department of Revenue e-TRIM system, a not-to-exceed millage rate to be levied for fiscal
year 2018 no later than 4:30 p.m. on August 4, 2017. The operating roll back rate for FY 2018 is
6.3876 mills. The proposed operating rate is 6.9363 which is the same millage rate as FY 2017.
The voted debt service approved by the voters on April 21, 2014 for the parks and recreation
improvements and purchase of crime prevention equipment is 1.0565 mill for FY 2018.
The rate to be adopted at this meeting is a “not to exceed” rate. At the September budget
hearings that are required by law, the Council can reduce this “not to exceed” rate, but should
Council decide to increase the “not to exceed rate”, a first class certified mail has to be sent to all
voters in the City.
Recommendation:
Staff recommends that Council approve the millage resolution at 6.9363 mills for the operating and
1.0565 mills for debt service.
Attachment:
Proposed budget