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North Miami CFO reports $313.3 million revised budget, property-tax collections at 61% in Q1
Summary
City CFO Angela Reyes Santana told the council the FY25-26 budget was revised to $313.3 million to carry forward prior-year commitments; general-fund collections were $25.1M (24.08% of budget) and property-tax collections stood at roughly 61% for the first quarter.
Angela Reyes Santana, North Miami’s chief financial officer, briefed council on the city’s FY25-26 first-quarter financial results and highlighted timing-driven variances, fund balances and cash holdings.
Reyes Santana said the original adopted budget was about $234 million but was revised to $313.3 million to carry forward prior-year commitments and encumbrances. The adjustments include $57.1 million related to CRE grant and aid programs, $18.2 million in…
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