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South Miami commission adopts proposed 3.95 mills and budget on first reading
Summary
On Sept. 3 the City Commission approved on first reading a proposed millage rate of 3.9500 mills and the FY 2025–26 budget as presented; the vote was 5–0 after staff presented revenue, reserve and spending updates and commissioners discussed financing priorities for capital projects.
Mayor Fernandez opened the Sept. 3 special meeting of the City Commission to consider the first public hearing on the city's proposed millage and budget. After a presentation from the city's chief financial officer on revenues, reserves and capital project changes, Commissioner Rodriguez moved to adopt the millage at 3.95 mills and adopt the budget on first reading; Vice Mayor Corey seconded and the motions passed 5'0'to''0''00.
The CFO told the commission the budget uses the same 3.95 millage as the prior year and that taxable assessed value rose roughly 9.7% from the prior year, helping the revenue picture. The CFO also said the city would maintain a 25% aggregate emergency reserve consistent with GFOA practice and presented a mix of operating and CIP appropriations, including funding capacity to address a parking‑garage waterproofing project and bridge repairs. "3.95 is the millage, same exact millage that was adopted for fiscal year 25," the CFO said during the presentation.
Why it matters: the first‑reading approvals give staff fund capacity to move forward with design, procurement and early work while commissioners asked for more detail on project prioritization, debt timing and alternatives that the manager will return with at second reading. The commission opened a public hearing on both items; no members of the public spoke either in person or online before the hearing closed.
