Budget Season Opens: A Flat Tax Rate, a Structural Gap, and a Capital Wishlist the City Can Only Half-Fund
Miami Beach's first detailed FY2027 numbers landed at Wednesday's Finance committee. The administration proposes holding the tax rate flat, but a structural shortfall of $7.9M to $17.7M remains, the five-year capital plan tops $1.3 billion, and only about half of next year's $256M in capital requests can be funded — all before a November ballot measure that threatens future revenue.