NOTICE OF PROPOSED BUDGET SUMMARY TAX INCREASE CITY OF NORTH MIAMI - FISCAL YEAR 2025-2026 THE PROPOSED OPERATING BUDGET EXPENDITURES OF CITY OF NORTH MIAMI ARE 4.5% MORE THAN LAST YEARS TOTAL OPERATING EXPENDITURES The City of North Miami has tentatively adopted a measure to increase its property tax levy. General Fund Millage Rate: 7.4000 CAPITAL INTERNAL GENERAL SPECIAL DEBT SERVICE PROJECTS ENTERPRISE SERVICE TOTAL ALL ESTIMATED REVENUE FUND REVENUE FUNDS FUNDS FUNDS FUNDS FUNDS Last Year’s property tax levy: Millage Rate Per $1000 7.4000 7.4000 Taxes: Ad Valorem Taxes 30,172,656 26,914,205 - - - - 57,086,861 A. Initially proposed tax Levy………$ 43,208,452 Sales and Use Taxes 696,639 - - - - - 696,639 Utility and Communication Taxes 7,735,310 - - - - - 7,735,310 B. L ess tax reductions due to Franchise Fees 5,951,817 - - - - - 5,951,817 Charges for Services 9,777,649 12,234,865 - - 42,733,567 - 64,746,081 Value Adjustment Board and Intergovernmental other assessment changes………$ 294,777 Revenue 10,626,120 4,194,570 - 267,394 - - 15,088,084 Fines & Forfeitures 602,050 - - - - - 602,050 Licenses & Permits 1,263,223 - - - - - 1,263,223 Miscellaneous Revenue 687,167 - - 502,000 427,304 1,616,471 C. Actual Property tax levy……………$42,913,675 Internal Service Charges 7,852,719 - - - - 9,924,006 17,776,725 Other Financing Sources 12,896,658 - 1,786,450 - - - 14,683,108 This year’s proposed tax levy……… $47,417,142 TOTAL SOURCES 87,574,841 44,030,807 1,786,450 267,394 43,235,567 10,351,310 187,246,369 - - - - - - - Transfers In 258,977 - - - - - 258,977 Bond Reserves - - - - - - - All concerned citizens are invited to attend a Other Reserves - - - - 15,290,274 - 15,290,274 Fund Balances/ public hearing on the tax increase to be held Reserves 13,057,605 5,644,101 - - 2,191,191 83,270 20,976,167 on: TOTAL REVENUES, TRANSFERS & BALANCES 100,891,422 49,674,908 1,786,450 267,394 60,717,032 10,434,580 223,771,787 EXPENDITURES/EXPENSES General Government 22,787,013 - - - - - 22,787,013 Tuesday, September 25, 2025, Public Safety 41,280,742 - - - - - 41,280,742 Physical Environment 5,148,084 45,480,339 - - 60,477,869 - 111,106,292 at 5:01 PM Transportation - 2,681,378 - 267,394 - - 2,948,772 Economic Environment 1,368,297 - - - - - 1,368,297 At Human Services 2,721,373 1,496,881 - - - - 4,218,254 Culture and Recreation 15,200,215 16,311 - - - - 15,216,526 Debt Services 1,387,167 - 1,786,450 - 239,163 - 3,412,780 North Miami City Hall Internal Services 5,998,531 - - - - 9,234,580 15,233,111 Other Financing Sources - - - - - - - Council Chambers TOTAL EXPENDITURES/ 776 NE 125 Street EXPENSES 95,891,422 49,674,908 1,786,450 267,394 60,717,032 9,234,580 217,571,787 Transfers Out North Miami, FL 33161 Bond Reserves - Other Reserves 5,000,000 - - - 1,200,000 6,200,000 TOTAL APPROPRIATED EXPENDITURES TRANSFERS, RESERVES & BALANCES 100,891,422 49,674,908 1,786,450 267,394 60,717,032 10,434,580 223,771,787 A FINAL DECISION on the proposed tax increase and the budget will be made at this hearing. The tentative, adopted, and / or final budgets are on file in the office of the above referenced taxing authority as a public record * Must show at least 95% Advalorem Proceeds for each millage.*