Miami Commission To Vote On Tax Cap
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MIAMI (CBSMiami) – Miami city commissioners will vote Thursday on setting a tax cap for next year’s $552 million general fund.
Mayor Tomás Regalado has said the city will be able to boost spending on by public safety by using an influx of new property taxes, according to CBS4 news partner The Miami Herald. He’s also proposed using revenue from development fees to pay for park improvements.
Regalado and City Manager Daniel Alfonso also want to set aside a substantial sum as a sign to lenders that Miami’s financial credibility has been restored.
While some officials have said the additional revenue should be used to pay for more police officers, and the city’s unions want previous pay and benefit cuts restored, few if any expect a call for tax hikes during the meeting.
If commissioners tow the line, look for a debate this fall over how much should be saved in reserves and where the city’s money should be spent.
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