R7V - Reallocate Resort Tax to Stormwater Projects

A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AMENDING, BEGINNING IN FISCAL YEAR 2027, THE ALLOCATIONS OF THE 1% RESORT TAX QUALITY OF LIFE PROCEEDS TO MAINTAIN EXISTING FUNDING LEVELS (EXPRESSED AS A PERCENTAGE) OF AMOUNTS DESIGNATED FOR (A) ARTS AND CULTURE ORGANIZATIONS BASED IN THE CITY OF MIAMI BEACH (CULTURAL ANCHORS) AND (B) ARTS AND CULTURE ORGANIZATIONS WHOSE PROGRAMMING IS PRIMARILY FOCUSED ON THE CITY’S YOUTH, AND REALLOCATE THE REMAINING FUNDS CURRENTLY DESIGNATED FOR ARTS AND CULTURE PROGRAMS (EXPRESSED AS A PERCENTAGE) TOWARD CAPITAL PROJECTS THAT ENHANCE STORMWATER INFRASTRUCTURE IN TOURIST AREAS OF THE CITY MOST AFFECTED BY FLOODING DURING KING TIDES AND MAJOR RAIN EVENTS; AND FURTHER, DIRECTING THE ADMINISTRATION TO INCORPORATE THE NEW ALLOCATIONS WHEN PREPARING THE FISCAL YEAR 2027 BUDGET.