R7C - Adopt 5.8702 Mills for Fy2026

A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ADOPTING: 1) THE TENTATIVE AD VALOREM MILLAGE OF 5.8702 MILLS FOR FISCAL YEAR 2026 FOR GENERAL OPERATING PURPOSES, WHICH IS SIX AND FIVE TENTHS PERCENT (6.5%) MORE THAN THE "ROLLED-BACK" RATE OF 5.5114 MILLS; AND 2) THE DEBT SERVICE MILLAGE RATE OF 0.2779 MILLS, SUBJECT TO A SECOND PUBLIC HEARING TO CONSIDER THE MILLAGE RATE FOR FISCAL YEAR 2026 ON TUESDAY, SEPTEMBER 30, 2025, AT 5:01 P.M.