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Miami Beach approves FY25–26 budget rollovers and sets surplus in reserves
Summary
The City Commission unanimously approved amendments rolling over unspent FY25 dollars into FY26, allocating specific sums to reserves and parks PAYGO, and waiving the usual transfer-to-capital policy so the remainder of a $28 million surplus can be set aside for later decisions.
The City of Miami Beach Commission on a special session approved a package of amendments to the fiscal-year 2025 and 2026 operating budgets, rolling unspent funds forward and setting aside most of a reported $28,000,000 surplus for later action.
City staff told the commission the city had a $28 million surplus and recommended rolling $9,900,000 in uncompleted FY25 expenditures into the FY26 budget; setting aside approximately $3.45 million to fully fund FY26 general fund reserves; transferring $1,180,000 of parks surplus…
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