File #: Item # 2017-122    Version: 1 Name:
Type: Resolution Status: Passed
File created: 7/10/2017 In control: Town Council
On agenda: 7/19/2017 Final action: 7/19/2017
Title: A RESOLUTION OF THE MAYOR AND TOWN COUNCIL OF THE TOWN OF CUTLER BAY, FLORIDA, DETERMINING THE PROPOSED MILLAGE RATE, AND THE DATE, TIME AND PLACE FOR THE FIRST AND SECOND PUBLIC BUDGET HEARINGS AS REQUIRED BY LAW; DIRECTING THE TOWN CLERK AND TOWN MANAGER TO FILE THIS RESOLUTION, IF REQUIRED, WITH THE MIAMI-DADE COUNTY PROPERTY APPRAISER; AUTHORIZING THE TOWN MANAGER TO CHANGE BUDGET HEARING DATES IF NEEDED; AND PROVIDING AN EFFECTIVE DATE.
Attachments: 1. Manager Memo-FY 2017-18 Proposed Millage Rate, 2. Resolution-FY 2017-18 Proposed Millage Rate

 

 

 

M E M O R A N D U M

 

To:                                          Honorable Mayor and Town Council

 

From:                                          Rafael G. Casals, Town Manager

 

Date:                                          July 19, 2017

 

Re:                      Proposed 2017 Millage Rate Communicated to Property Appraiser

 

 

REQUEST

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A RESOLUTION OF THE MAYOR AND TOWN COUNCIL OF THE TOWN OF CUTLER BAY, FLORIDA, DETERMINING THE PROPOSED MILLAGE RATE, AND THE DATE, TIME AND PLACE FOR THE FIRST AND SECOND PUBLIC BUDGET HEARINGS AS REQUIRED BY LAW; DIRECTING THE TOWN CLERK AND TOWN MANAGER TO FILE THIS RESOLUTION, IF REQUIRED, WITH THE MIAMI-DADE COUNTY PROPERTY APPRAISER; AUTHORIZING THE TOWN MANAGER TO CHANGE BUDGET HEARING DATES IF NEEDED; AND PROVIDING AN EFFECTIVE DATE.

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BACKGROUND AND ANALYSIS

 

On June 30, 2017, the Miami-Dade Property Appraiser certified to the Town the taxable value of property within the Town’s boundaries to be used to establish its 2017 millage rate (for Fiscal Year 2017-18) and ad valorem tax budget. Under the TRIM statutes, the Town has thirty-five (35) days (i.e. on or before Monday, August 4, 2017 based on the June 30th certification date) to notify the Property Appraiser, on form DR-420 electronically filed on the eTRIM system, of the Town’s proposed millage rate and the date, time, and place of its first public budget hearing. In turn, the Property Appraiser will use that information on the TRIM notices it mails out to all taxpayers in late August.

 

Under the 2017 TRIM maximum millage levy calculations, the Town’s maximum millage rate requiring a 2/3 vote of the Town Council is 2.5199 mills (which represents $2.5199 per $1,000 of assessed property value). Staff recommends reporting a proposed rate to the Property Appraiser equal to this 2/3 vote maximum millage rate, as was done in prior years. 

 

 

 

 

 

The Property Appraiser will use the rate set in the accompanying Resolution solely for advertisement purposes and it does NOT lock the Town Council into adopting the higher millage rate. Rather, it serves as a “ceiling” and allows the Town Council to adopt a millage rate equal to or less than the rate without adverse consequence.

 

In previous years, it has been the Council’s practice to set the initial millage rate higher to enable flexibility leading to the Town’s two (2) public Budget Hearings.  For fiscal year 2017-18, Town staff is proposing the hearings to be held on the following dates, times, and locations: 

 

DATE

TIME

PLACE

1st Budget Hearing September 13, 2017 (Wednesday)

7:00 PM

Cutler Bay Town Hall Council Chambers                                                                                             10720 Caribbean Boulevard                                                                                                                  Cutler Bay, Florida 33189

2nd Budget Hearing September 27, 2017 (Wednesday)

7:00 PM

Cutler Bay Town Hall Council Chambers                                                                                             10720 Caribbean Boulevard                                                                                                                   Cutler Bay, Florida 33189

 

Should the Town Council request to “exceed” the proposed advertised rate of 2.5199 mills, all costs for notifying property owners of the “re-TRIM” notice (direct mail), will be a direct expense to the Town.

 

RECOMMENDATION

 

It is recommended that the Town Council approve the attached Resolution.