M E M O R A N D U M
To: Honorable Mayor and Town Council
From: Rafael G. Casals, Town Manager
Date: July 26, 2017
Re: Fiscal Year 2017-18 Proposed Budget
As discussed during the June 6, 2016 Budget Visioning Workshop, as well as during the July 10, 2016 Budget Workshop, Town Staff has worked diligently in order to provide the Council with a preliminary 2017-18 budget for your initial review. During my administration, this is the fourth 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 13, 2017
(Wednesday)
7:00 PM
Cutler Bay Town Hall
Council Chambers 10720 Caribbean Boulevard
2nd Budget Hearing
September 27, 2017
(Wednesday)
7:00 PM
Cutler Bay Town Hall
Council Chambers 10720 Caribbean Boulevard
Please find attached the Fiscal Year 2017-18 Proposed Budget, which is based on a millage rate of 2.3907 mills. This represents the millage rate currently in effect for fiscal year 2016-17. As has been done in prior years, to allow for flexibility heading into the 1st Budget Hearing, the Town adopted the statutorily computed two-thirds vote maximum millage rate of 2.5199 mills at the July 19, 2017 Town Council meeting via Resolution 17-60 and communicated this rate to the Property Appraiser for TRIM advertisement purposes.
The ceiling rate does not prevent the Council from adopting a lower rate during the Budget Hearing pr...
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