live on VKB-TV<\/a>.<\/p>\nVillage Manager Steve Williamson and Chief Financial Officer Benjamin Nussbaum will show how a proposed 3.9% increase (plus-$1,788,626) will be necessary to offset revenues for the Village’s total operating budget of $47,216,716 “just to keep the lights on,” as they like to say.<\/p>\n
There’s another proposed $4.12 million for non-operating expenses, including $1.059 million for debt service.<\/p>\n
There are 11 new capital improvement projects (totaling $4.958 million) among the 34 (23 continuing) for a grand total of more than $71 million.<\/p>\n
The new projects, if given the green light, would be funded by (along with grants, etc. for some):<\/p>\n
The General Fund:<\/p>\n
\u2022 Renourish Beach and Dunes: $1,275,000<\/p>\n
\u2022 Upgrade Council Chambers Audio-Visual Systems: $275,000<\/p>\n
\u2022 Replace Village Green Turf (Design): $100,480<\/p>\n
\u2022 Improve Customer Service Reception Areas: $75,000<\/p>\n
\u2022 Rehab Community Center Elevators: $350,000<\/p>\n
\u2022 Replace Police Boat: $204,000<\/p>\n
\u2022 Replace Village Police Vehicles: $350,000<\/p>\n
\u2022 Replace Fire Engine (Reserves): $2,200,000<\/p>\n
The Stormwater Fund:<\/p>\n
\u2022 Construct Zone 1 – K8 School Central Stormwater Basin: $500,000<\/p>\n
The Transportation Fund:<\/p>\n
\u2022 Repave Roadways Village Wide: $500,000<\/p>\n
\u2022 Improve Fernwood Drive (Planning & Concept): $110,000<\/p>\n
The Village’s proposed millage rate is 2.8708 (0.48% lower than the current 2.8846).<\/p>\n
Looming is the potential impact of the Amendment 3 homestead tax reduction should 60% of Florida’s voters approve on Nov. 3.<\/p>\n
The Village’s impact would result in a loss of $1.051 million the first year (2027-28), so either taxes would need to be raised or some public services could take a hit.<\/p>\n
Based on the Village’s proposed millage rate, the estimated annual reduction on a homesteaded property would be approximately $287 in FY 2027 and $574 in FY 2028.<\/p>\n
The basic $47.2 million proposed budget is built largely on: Police services ($12.2M); Fire Rescue services ($11.4M); Parks & Recreation, Community Center, & Athletics ($7.5M); and Public Works services ($5.8M).<\/p>\n
To establish the entire budget, Village officials laid out three focus areas in the grand scheme of things:<\/p>\n
Reduce flooding:<\/p>\n
\u2022 Zone 1 (KBK8 Community School) Stormwater Planning & Design<\/p>\n
\u2022 Garden District Drainage Improvements<\/p>\n
\u2022 Stormwater System Maintenance & Repair<\/p>\n
\u2022 Holiday Colony Flood Reduction & Roadway Improvements<\/p>\n
Improve power reliability:<\/p>\n
\u2022 Zone 8 (Garden District) Power & Telecom Undergrounding<\/p>\n
\u2022 Village-wide Power & Telecom Undergrounding Program<\/p>\n
\u2022 Vegetation Trimming Along Power Lines<\/p>\n
\u2022 Reinforcing Legislation, Regulations & Policies<\/p>\n
Protect shorelines:<\/p>\n
\u2022 Offshore Barrier Reef Feasibility Study<\/p>\n
\u2022 Beach & Dunes Renourishment<\/p>\n
\u2022 Seawall Guidelines<\/p>\n
The Second (final) Budget Hearing takes place Sept. 22.<\/p>\n
Council meeting follows<\/p>\n
An abbreviated regular Village Council meeting follows the budget hearing.<\/p>\n
Among the agenda items<\/a>:<\/p>\nA resolution approving a third amendment to the license agreement with PADL, LLC for the paddleboard sharing program.<\/p>\n
A resolution establishing the Village’s 2027-28 legislative priorities.<\/p>\n
A resolution selecting Moffatt & Nichol Inc. for the offshore feasibility and preliminary shoreline design study.<\/p>\n","protected":false},"excerpt":{"rendered":"Love meetings? Key Biscayne officials are doubling up Tuesday evening’s (Sept. 8) schedule with the Village’s First Budget…\n","protected":false},"author":2,"featured_media":393792,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[502,3273,634,123,125,124,115],"class_list":["post-393791","post","type-post","status-publish","format-standard","has-post-thumbnail","category-miami","tag-community","tag-keybiscayne","tag-local","tag-miami","tag-miami-headlines","tag-miami-news","tag-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/393791","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=393791"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/393791\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/393792"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=393791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=393791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=393791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}