Finance Director Robert Daddario read the Truth in Millage (TRIM) Statement as follows:
The tentative millage rate of the Town of Cutler Bay for FY 2022-23 of 2.8332 mils per $1,000 of assessed property value within the Town of Cutler Bay is 12.55% greater than the rolled-back rate of 2.5173 mils per $1,000 of assessed property value.
Ad valorem taxes are being increased primarily to help provide for operating expenditures required to maintain current levels of resident services, including police services, reflecting the increases in those costs due to current economic conditions and inflationary trends that are anticipated to continue in the upcoming fiscal year, and for police services reflecting negotiated union contract costs.
Town Manager Rafael Casals provided a brief recap of the three Town Council Budget Workshops held on July 20, 2022, July 27, 2022, and September 1, 2022, as well as the First Budget Hearing held on September 14, 2022. Town Manager Casals informed the Town Council that the item was published in the local section of the Miami Herald on September 25, 2022, and that outreach increased this year compared to previous years in which the budget workshops and hearings were advertised in the Town E-Newsletter, Town Website and Community News center pages.
Town Attorney Bierman reminded the Town Council that Florida State Law requires that a vote must be taken to pass Resolution Item 11a before a vote is taken to pass Resolution Item 11b.
Mayor Meerbott asked for comments from the Town Council and there were none.
A motion was made by Council Member Roger Coriat, seconded by Council Member Suzy Lord, to adopt the Resolution with a millage rate of 2.8332.
Finance Director read Section 2 of the Resolution with the proposed millage rate of 2.8332 as follows:
The Town’s Final Millage Rate for the Fiscal Year commencing October 1, 2022, through September 30, 2023, is hereby fixed at the rate of 2.8332 mills per $1,000.00 of assessed property value within the Town, which is 12.55 percent greater than the rolled-back rate of 2.5173 mills per $1,000.00 of assessed property value.