M E M O R A N D U M
To: Honorable Mayor and Town Council
From: Rafael G. Casals, Town Manager
Date: August 19, 2015
Re: Fiscal Year 2015-16 Proposed Budget
(Second Council Budget Workshop)
As discussed during the July 15, 2015 Town Council Meeting, Town Staff has worked diligently in order to provide the Council with a preliminary 2015-16 budget for your initial review. During my administration, this is the second consecutive year we have provided a preliminary budget during the month of July. Several Council Members have expressed interest in discussing the upcoming year's budget earlier in the process and prior to the scheduled budget hearings.
DATE
TIME
PLACE
1st Budget Hearing
September 10, 2015
(Thursday)
7:00 PM
Cutler Bay Town Hall
Council Chambers 10720 Caribbean Boulevard
2nd Budget Hearing
September 24, 2015
(Thursday)
7:00 PM
Cutler Bay Town Hall
Council Chambers 10720 Caribbean Boulevard
Please find attached the fiscal year 2015-16 proposed budget which is based on a millage rate of 2.5348 mills. This represents the statutorily computed two-thirds vote maximum millage rate that the Council has in previous years adopted as a ceiling rate for purposes of the Property Appraiser's TRIM advertising notice. The ceiling rate does not prevent the Council from adopting a lower rate during the Budget Hearing process. For example, last budget year (FY 2014-15), the Council adopted a higher proposed millage rate ("ceiling rate") of 2.7202 mills for TRIM advertisement purposes (via Resolution No. 14-53) but ultimately ad...
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