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Miami Beach committee recommends $133 million in FY26 capital funding, leaves $194 million unfunded
Summary
The Finance and Economic Resiliency Committee reviewed a proposed FY26 capital program that requests $327 million, recommends funding about $133 million and leaves roughly $194 million unfunded. Staff outlined funding sources and next procedural steps for finalizing the budget.
The Finance and Economic Resiliency Committee on [date of meeting] reviewed staff recommendations for the city’s FY26 capital program, which requested $327 million in projects and proposed funding about $133 million this year, leaving approximately $194 million unfunded.
Committee members and staff said the capital program indicates city priorities — stormwater, water and sewer, capital renewal and replacement (CRR), parking and convention center maintenance — and explained where recommended dollars would come from, including dedicated millages, enterprise funds, GeoBond or general obligation bond proceeds already set aside, and an increased…
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