This is a copy of the press release sent via City of Doral’s website http://www.cityofdoral.com/cityofdoral/index.php?option=com_content&task=view&id=424&Itemid=44
City of Doral Council Approves 2010-2011 Budget
Doral, Florida – The City of Doral Council approved the Budget for Fiscal Year 2010-2011 with a vote of 3 to 2. The $63,000,000 budget includes $46,000,000 in operational costs and a $17,000,000 fund allocation for the construction of the new Doral City Hall.
“During these difficult times, it is of great importance that we remain fiscally responsible and continue being good stewards of the public trust. We have achieved this with this year’s budget, while still providing first-class service for a first-class city,” said Doral Mayor Juan Carlos Bermudez.
At a time when our residents are struggling to make ends meet, the City of Doral’s proposed City Budget keeps the promise of not raising taxes while preserving the services our residents depend on. The City of Doral Budget for FY 2010-2011 will maintain the millage rate at 2.447 mills, which means $2.447 per thousand dollars of assessed property value.
The City of Doral has not increased its millage rate since incorporation in 2003.
The FY 2010-2011 budget reflects a 10.7 % decline in property values for the City of Doral as compared to the year before, resulting in close to $2,000,000 in loss of income.
The FY 2010 – 2011 Budget goes into effect on October 1, 2010. A copy of the proposed budget can be found here
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