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MIAMI-DADE COUNTY · LOCALMeeting
Local Impact

Key Biscayne First Budget Hearing: Millage Rate and FY2019 Budget

Original title: First Budget Hearing September 11, 2018 — Minutes
budgetproperty taxlocal governmentcapital improvementsmillage rate

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The Frame

What this does

Property owners in Key Biscayne will see their local property tax rate set at 3.250 mills for the 2018-2019 , which directly impacts the annual tax bill for every homeowner in the village.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Key Biscayne property owners

They are subject to the 3.250 millage rate applied to their property values for the upcoming fiscal year.

Village employees

The budget includes funding for collective bargaining agreements and merit/COLA salary adjustments.

What changed

No recent stage movement in the current record.

What's next

Next step not available in the current record.

Summary

The Key Biscayne Village Council held its first budget hearing to review the proposed $34.5 million General Fund budget and set the property tax for the upcoming . Council members approved a rate of 3.250 mills and advanced the budget ordinance to a scheduled for September 25, 2018.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What is the new property tax rate?
The Council set the at 3.250 mills for the 2018-2019 .
When is the final budget hearing?
The second and final reading of the budget ordinance is scheduled for September 25, 2018.
Did the budget increase compared to last year?
Yes, the total General Fund budget increased by $246,412, or 0.72%, compared to the previous year.

Why It Matters

Property owners in Key Biscayne will see their local property tax rate set at 3.250 mills for the 2018-2019 , which directly impacts the annual tax bill for every homeowner in the village.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Roll-Call Votes

3 motions voted on at this meeting · extracted from the official minutes

#1: approve the resolution

passed

#6: extend the meeting to 11:10 pm The motion was seconded by Mayor Lindsay and approved by a 60 voice vote The vote was as follows Councilmembers de la Cruz McCormick Moss Petros Vice Mayor Caplan and Mayor Lindsay voting Yes

passed

#7: approve the millage resolution with a 3250 millage rate

passed

Sponsors

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

financial connection100% confidence

Property Value Decline

For the first time in eight years, the village saw a decrease in property values, leading to a reduction in ad valorem revenue.

Key BiscayneMiami-Dade County Property Appraiser

Connected Entities

personAndrea Agha“Presented the proposed budget and financial analysis.”Map →
organizationMiami-Dade County Property Appraiser“Provided property tax roll data.”Map →
organizationNational Marketing Group Services Inc“Presented information on life and health insurance plans.”Map →
organizationMiami-Dade County“Provided property tax roll data.”Map →
personMayra P. Lindsay“Presided over the meeting and led motions.”Map →
personFranklin H. Caplan“Proposed the 3.25 millage rate.”Map →
locationKey Biscayne“The municipality holding the budget hearing.”Map →
organizationBrown & Brown of Florida Inc“Consulted on property and casualty insurance.”Map →

Sources

Open source document

keybiscayne.granicus.com

Analysis Score

0–100
  • Significance85
    How much this matters to a regular citizen
  • Controversy40
    Intensity of disagreement among stakeholders
  • Entertainment10
    Compellingness for a non-policy-wonk reader
  • Buzz20
    Current news / social attention level

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