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City of Aventura: No Tax Rate Increase?

Aventura approves budget that keeps tax rate steadyAventura City Hall

According to Jared Goyette in his recent Miami Herald article, the Aventura City Commission gave final approval to a $49.9 million budget for the 2009-2010 fiscal year that keeps the tax rate steady and cuts spending by 12%.   Officials say that the funding cuts will not result in a reduction of services, programs or employees because the city was able to reduce spending on capital improvement projects by approximately 67%.  This was accomplished mainly due to the fact that many projects that were still under contruction last year have already been completed.

Aventura’s tax rate of $1.73 per $1,000 of assessed property value will be the same as last year’s rate.  The city now has the lowest tax rate of any municipality in Miami-Dade County.

For more information please contact me at (305) 329-4929 or solovay.m@ewm.com

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