Media Contact: Eunicia Baker, MPA - Senior Public Information Officer
City of North Miami
305-893.6511 Ext. 12160
ebaker@northmiamifl.gov

NORTH MIAMI CITY COUNCIL ADOPTS BUDGET FOR FISCAL YEAR 2012 - 2013

North Miami, FL – 9/25/2012

Fiscal Year Begins on October 1st.

The North Miami City Council adopted the City's Fiscal Year 2012-2013 (FY13) budget by a vote of 4-1 at last night's final budget hearing. The adopted budget totals $143,336,524, for the fiscal year which runs from October 1, 2012 through September 30, 2013

Mayor Andre D. Pierre, Esq. shared his view on the newly adopted budget: 'We have pulled through the financially challenging times in our City and I believe this next fiscal year is bright for North Miami, We have a balanced budget, with a much lower millage rate and an increase in the quality of our services - all without relying o the revenue from the lease with Oleta Partners. It's a great day in the City of North Miami."

Some highlights in the FY13 adopted budget include:

  • A 3.7% reduction of the tax rate from the prior year. The FY13 millage rate is 8.100 per $1,000 of assessed property value; which is down from a total tax rate of 8.4143 in Fiscal Year 2011-12 (FY12). The total FY12 tax rate included the millage rate of 8.1955, plus debt service in the amount of .2188 for a general obligation bond that matured in May 2012.
  • The adopted budget is balanced, without a reduction in City services or negative impact on the City's workforce, and minimal increases in service fees where necessary. Additionally, the budget was balanced without relying on revenues from the lease of the property formerly known as Biscayne Landing.
  • The charge for solid waste disposal and recycling services will decrease further in FY13. In February 2012, the City privatized the solid waste division, which resulted in a decrease in rates from $51.25 to $26 per month. Effective October 1st, there will be a further reduction to $21.20 per month.
  • General Fund budget is $67,434,011, a 51% increase from the FY12 Amended Budget of $44,606,287. This increase is primarily attributable to the privatization of solid waste services and the $17.5 million down payment as a resulted of the lease agreement for Biscayne Landing. This revenue was not used to balance the budget, however, as approved by Council, $5 million has been set aside as reserves in the General fund.
  • Begin the first phase of the renovations and expansion of the Winson Water Plant at Sunkist Grove, which produces 8.5 million gallons of drinking (potable) water daily. This consists of engineering and design of the expansion, as well as upgrades to the treatment system.
  • Funding for programming at two new facilities: Joe Celestin Center located on the western portion of Pepper Park, which was dedicated this summer, and the Cagni Park Gymnasium, which is currently under renovation and expected to be operational in early 2013. Funding is also appropriated to renovate the City's primary rental facility, the Gwen Margolis Community Center.

For more information or to view a summary of the FY2012-13 Budget, visit our Budget Office online at northmiamifl.gov.

 

###
Top to the pageTop

City of North Miami | 776 NE 125 Street | North Miami | Florida 33161 | 305.893.6511
Disclaimer