County Reports $39 Million Decrease in Sales Tax Revenue Due to Legislative Changes

The Miami-Dade County Public Health Trust Board of Trustees meeting on August 27, 2025, focused on significant budgetary concerns, particularly regarding anticipated reductions in revenue. The board discussed a projected decrease of $39 million in sales tax revenue for the upcoming fiscal year. This decline is primarily attributed to a new state law that eliminates the sales tax on commercial leasing, which accounts for $26 million of the reduction. The remaining $13 million is based on the county's estimates of sales tax collections.

Board members expressed concerns about potential further financial impacts stemming from federal government actions, particularly regarding the Affordable Care Act (ACA). The ACA is set to expire on December 31, and there is uncertainty about whether it will be extended or modified. Currently, the county receives approximately $100 million from patients with ACA insurance, and estimates suggest that the loss of this funding could range from $19 million to $30 million, depending on the number of individuals who may lose coverage.

Additionally, the board addressed rising retirement costs, which are expected to increase by about 5%. However, there are no plans for workforce reductions related to these retirement costs, as the increase is based solely on the number of employees reaching retirement age.

The discussions highlighted the financial challenges facing the county and the need for careful budgeting in light of uncertain revenue streams. The board will continue to monitor these developments as they prepare for the upcoming fiscal year.