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Commission agrees to return part of FY25 surplus to homeowners and study rollback millage for FY27
Summary
The commission approved a plan to distribute a limited homestead "dividend" from unexpected FY25 surplus funds and directed staff to prepare a FY27 budget based on a rollback millage scenario. The measure also directs the administration to study longer-term restructurings of capital and program priorities.
Miami Beach commissioners on Dec. 17 approved a proposal to allocate part of an unexpected FY25 surplus toward a one-time homestead relief dividend and to begin planning a FY27 budget under a rollback-millage assumption.
Commissioner Alex Fernandez led the initiative, asking the city to return about $7 million in surplus funds to homesteaded property owners as a $500 per-household…
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