With city commissioners set to consider a series of bond-related measures next week — possible groundwork for a proposed $450 million public safety bond — the city’s own audited financial statements show last year’s borrowing increased debt and borrowing costs while new fiscal pressures continue to mount.
Tag: Miami city finances
Internal Q&A Reveals Miami’s $450 Million Public Safety Bond Could Cost Taxpayers Nearly $800 Million
Documents obtained by the Spotlight show city officials estimate the proposed borrowing would ultimately cost $795 million, while future staffing costs for new facilities have yet to be calculated.
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