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Miami Beach’s preliminary FY 2027 General Fund budget shows a $21.4 million gap, reduced to $17.7 million after a proposed $3.7 million increase in the Resort Tax contribution. Administration is evaluating more than $20 million in potential reductions while the Commission reviews taxes, services, staffing, and capital needs.
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The retreat began the FY 2027 budget process but did not adopt the final budget or millage rate. The preliminary plan assumes no change to the operating tax rate and keeps current service levels, while staff develops reduction and efficiency options. A five-year capital plan has about $1.3 billion in identified needs, with major funding gaps for water, sewer, stormwater, transportation, and other projects. Further budget briefings are scheduled for June 17 and July 17, followed by millage-rate action on July 22 and public budget hearings in September.
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