Res. No. 118-09-12927RESOLUTION NUMBER: 118-09-12927
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE
CITY OF SOUTH MIAMI, FLORIDA, RELATING TO THE CITY'S
2009 /2010 FISCAL YEAR BUDGET; ADVISING THE MIAMI -DADE
COUNTY PROPERTY APPRAISER OF ITS PROPOSED MILLAGE
RATE OF 5.2790 MILLS; WHICH IS THE SAME MILLAGE RATE AS
IN THE PRIOR YEAR; ITS ROLL -BACK RATE OF 5.6140;
ANNOUNCING THE DATES OF PUBLIC HEARING TO CONSIDER
THE PROPOSED MILLAGE RATE AND TENTATIVE BUDGET;
PROVIDING AN EFFECTIVE DATE.
WHEREAS, Florida Statute 200.065 requires; (1) that within 35 days of Certificate of Value, (2)
"each taxing authority shall advise the property appraiser of its proposed millage rate, of it rolled -back
rate computed pursuant to sub - section; (3) and of the date, time and place which a public hearing will be
held to consider the proposed millage rate and tentative budget"; and
WHEREAS, the Certification of Value was made on July 1, 2009; and
WHEREAS, the City Administration has computed the proposed millage rate and the rolled -back
rate; and
WHEREAS, the Mayor and City Commission wish to comply with the aforesaid Statute.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF
THE CITY OF SOUTH MIAMI, FLORIDA:
Section 1. That the City Administration advises the property appraiser that the proposed
millage rate of City of South Miami, Florida for the 2009 /2010 fiscal year budget is 5.2790 mills. The
rolled-back rate computed pursuant to sub - section (1) of Florida Statute 200.065 is 5.6140 mills.
Section 2. That date, time and place at which public hearing shall be held to consider the
proposed millage rate are as follows:
1. First Budget Hearing- September 8, 2009 at 7:30 p.m., in the City Commission Chambers, 6130
Sunset Drive, South Miami, Florida.
2. Second Budget Hearing -, September 22, 2009 at 7:30 p.m., in the City Commission Chambers, 6130
Sunset Drive, South Miami, Florida.
PASSED AND ADOPTED this 28th day of July, 2009.
ATTEST: APPROVED:
00 C22>
CITY MAYO
OVED AS TO "
Commission Vote: 4 -0
MayorFeliu: Absent
Vice Mayor Beasley: Yea
EY
Page 3 of 2
Commissioner Newman: Yea
Commissioner Palmer: Yea
Commissioner Sellars: Yea
South Miami
All•Amfta ft
CITY OF SOUTH MIAMI I I I I r
OFFICE OF THE CITY MANAGER
INTER - OFFICE MEMORANDUM 2001
To: The Honorable Mayor Feliu and Members of the City Commission
From: Ajibola W. Balogun, City Manager _ ` 9
Date: July 28, 2009 Agenda Item: 0
Subject: Tentative Millage Rate for FY 2009 -10
Request: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY
OF SOUTH MIAMI, FLORIDA, RELATING TO THE CITY'S 2009/2010 FISCAL
YEAR BUDGET; ADVISING THE MIAMI -DADE COUNTY PROPERTY
APPRAISER OF ITS PROPOSED MILLAGE RATE OF 5.2790 MILLS; WHICH
IS THE SAME MILLAGE RATE AS IN THE PRIOR YEAR; ITS ROLL -BACK
RATE OF 5.6140; ANNOUNCING THE DATES OF PUBLIC HEARING TO
CONSIDER THE PROPOSED MILLAGE RATE AND TENTATIVE BUDGET;
PROVIDING AN EFFECTIVE DATE.
BACKGROUND & ANALYSIS
The procedures and timetables for taxation and the establishment of the Budget are governed by a
series of rules of the State of Florida. These rules are generally referred to as TRIM (Truth in
Millage). This resolution deals with the establishment of the maximum millage rate, rollback
millage rate, and scheduling formal budget public hearings in accordance with TRIM.
MAXIMUM MILLAGE RATE
A primary source of revenue for municipal government is the property or ad valorem tax.
Property taxes applied to commercial and residential real property and also for commercial
personal property. The rate at which property is taxed is referred to as the millage rate. The
amount of taxes paid by a property owner is determined by multiplying the millage rate times
each $1,000.00 of assessed property value.
Local jurisdictions are required, at the beginning of the budget process, to establish a maximum
millage rate. This rate will be advertised by the City and also delivered to the Miami -Dade
Property Appraiser. The rate can be decreased by the Commission during the budget process, but
it cannot be increased except under extraordinary circumstances. The proposed millage rate being
put forth at this time is 5.2790 mills.
The Miami -Dade County Property Appraiser has certified the Taxable Value within the City of
South Miami at $1,522,573,311. This valuation represents a 8.98 % decrease over the
FY 2008 -09 level of $1,672,768,163.
This decrease is attributable to the economic downturn that we have been experiencing. Property
values have decreased dramatically; which is evident in the City's taxable value. We therefore
recommend a proposed millage rate of 5.2790 mills. This level will allow this City to continue
Page 1 of 2
with on -going projects. The Commission will still have the ability to re- consider the rate during
the budget hearings.
Rollback Milla eg Rate
Cities are also required to calculate what is known as the "Rollback Millage Rate ". This is the tax
rate at which the City would receive the same revenue as in the previous year. Since there have
been an overall decrease in the total assessed property value, the rollback millage rate is higher.
The current year rolled -back millage rate is 5.614.
Budget Hearing Schedule
The City is required to hold two formal Budget Public Hearings. There are guidelines on when
these hearings must be held. Additionally, a local municipality cannot hold a budget hearing on
the same date as either the County or the School Board. There are also special advertising
requirements for these hearings.
It is recommended, given these constraints, that the following schedule be established:
First Budget Hearing Tuesday September 8, 2009 City of South Miami City Hall
7:30 PM Commission Chambers
6130 Sunset Drive
South Miami, FL 33143
Second Budget Hearing Tuesday, September 22, 2009 City of South Miami City Hall
7:30 PM Commission Chambers
6130 Sunset Drive
South Miami, FL 331.43
In addition, it is recommended that the Budget Workshop be scheduled as follows:
Budget Workshop Wednesday September 16, 2009 City of South Miami City Hall
6:00 PM Commission Chambers
6130 Sunset Drive
South Miami, FL 33143
Page 2 of 2