Aventura approves budget that keeps tax rate steady

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