09-18-2012 Budget Hearing MeetingMIAMI SHORES VILLAGE
BUDGET HEARING — FISCAL YEAR 2012-2013
The Miami Shores Village Council held their second and final Public Hearing on the proposed Fiscal Year
2012-2013 Operating Budget on Tuesday, September 18, 2012. The Meeting was held in the Council
Chambers of Village Hall and was called to order at 6:30 PM with the following Members present:
PRESENT:
Jim McCoy
Hunt Davis
Al Davis
Steve Loffredo
Jesse Walters
ALSO PRESENT: Tom Benton, Village Manager
Barbara Estep, Village Clerk
Mr. Benton provided a brief summary of the Village's budget information and proposed millage rates. Mr.
Benton indicated that the General Fund Budget is proposed at $12,739,550 and a total budget of $22,399,766.
Mr. Benton announced the roll -back rate of 7.5316 and the Village's intention to keep the millage rate at
8.0000 which represents a 6.22% increase over the roll -back rate. The two general obligation bond's millage
is set at 0.7500 for the aquatic center and the charter school.
1) A RESOLUTION OF THE MIAMI SHORES VILLAGE COUNCIL, MIAMI SHORES
VILLAGE, FLORIDA, ESTABLISHING FINAL AD VALOREM TAX LEVIES FOR THE
GENERAL FUND AND OTHER FUNDS OF THE VILLAGE FOR THE FISCAL YEAR
BEGINNING OCTOBER 1, 2012, PROVIDING FOR AN EFFECTIVE DATE.
Ms. Estep read the proposed Resolution into the record. Mayor McCoy opened the floor for the Public
Hearing. Seeing no one come forward to speak, Mayor McCoy closed the Public Hearing on this Resolution.
Councilman Loffredo moved to adopt the Resolution establishing the Fiscal Year 2012-2013 ad valorem tax
rates. Councilman Walters seconded the motion and the vote was unanimous in favor of the motion.
2) A RESOLUTION OF THE MIAMI SHORES VILLAGE COUNCIL, MIAMI
SHORES VILLAGE, FLORIDA, ADOPTING THE FISCAL YEAR 2012-2013
BUDGETS AND PROVIDING FOR AN EFFECTIVE DATE.
Ms. Estep read the proposed Resolution into the record. Mayor McCoy opened the floor for the Public
Hearing. As no one present wished to speak on the proposed budget, Mayor McCoy closed the Public
Hearing. Vice Mayor Davis then moved to adopt the Resolution adopting the Fiscal Year 2012-2013 Budgets
as presented. Councilman Davis seconded the motion and the vote was unanimous in favor of the motion.
Clarification was provided regarding the formula used to calculate the property assessments and roll -back rate
which resulted in the "Notice of Tax Increase" statement which appeared in the published advertisement.
3) ADJOURNMENT
The September 18, 2012 Public Hearing on the Fiscal Year 2012-2013 tax levies and budget was adjourned at
6:40 PM.
yfruht? g'a trvnc
Barbara A. Estep, MMC
Village Clerk