Planning and Zoning - public_hearing

Enregistrement court.

We've never had that many.

Well, Mrs. Mayor. Hello. Hello. Please sit down. We should have enough chairs for everyone. Thank you for being here at the City Beautiful for our first budgetary audience, on Tuesday, September 5th. We will have many opportunities to discuss with the staff and the Commission when we present our municipal budget project for the 2026-2027 exercise. Madam Director, the floor is yours.

Hello, Paola Rodriguez, Deputy Director of Finance. First of all, I would like to take a moment to thank the Commission and our municipal administration, in particular our municipal director, Peter Iglesias, who supports the staff so much and who plays an essential role in the planning of our budget and our strategic planning each year, as well as our deputy municipal director, Carolina Wester, and our deputy municipal director, Joe Gomez. I would like to thank my staff, in particular Pedro Sanchez and Chris Garcia, who are the analysts who really do the work for Cela Arrive, as well as all our service directors and their support staff. who work in collaboration with the budget service throughout the year to plan and ensure that we are as careful as possible on the financial side and that we really give priority to what is best for the city and the residents. And if you give me a moment, I would also like to pay tribute to a member of our financial team who passed away last week, Yvette Diaz. She served the city for 22 years. Her family celebrates her life today So I thought it was appropriate that we pay tribute to her at this moment. She was really an incredible friend, an incredible colleague, an incredible mother and daughter. And I find comfort and I hope her family finds comfort in knowing that she is with her heavenly father. She had a deep faith and I know that she is with her father now. So I just want to take a moment for us to recognize that, because you know, many of us have served the city for many years of our lives. And I hope that when you leave, we will continue to remember the people who served the city and who played a role in our lives. So Yvette Diaz has been with us for 22 years.

Mr. Director, could you do us a tribute as well as the next commissioner?

Yes, Mr. Mayor. Thank you.

And so on this, I present to you the first budgetary audience for the exercise 2026-2027. And so you have already seen a large part of this information, so I will just quickly browse the slides that we have seen, then we will take a break and discuss points that you would like to address along the way.

Je fais une présentation.

Et voici donc le calendrier de notre préparation budgétaire. All these dates are generally the same every year. We start at the beginning of February and in May we start to discuss with the municipal commission. We start to organize individual information sessions to discuss mainly our investment plan. We will contact you again in June with the funding available once we have started to balance our operating budget. and the Commission works with us to hierarchize the financing of immobilizations throughout the month of June. We finalize an estimate of the budget for July 1st and present it to you. This year, we presented it to you on July 8th, the date at which we sent the millage rate proposed by 5.159. Throughout the summer, we update the receipts and all the new expenses or spending increases that have changed between le premier juillet et aujourd'hui nous vous présenterons donc aujourd'hui le 15 septembre toutes les modifications apportées au budget à partir du premier juillet aujourd'hui nous adopterons en première lecture notre kilométrage provisoire et notre budget annuel pour le prochain exercice La diapositive que vous avez devant vous montre toutes les modifications entre le 1er juillet et l'estimation du 1er juillet jusqu'à aujourd'hui et jusqu'à aujourd'hui. En partant du haut, les recettes du 1er juillet étaient de 318, 445, 14, 0, 14 dollars. Les modifications des recettes sont énumérées devant vous. Le 1er juin, nous avons reçu une estimation de la taxe foncière. Le 1er juillet, nous avons reçu notre estimation finale pour l'exercice. Cette estimation a augmenté nos recettes de 129 000 $. Les recettes de l'État, toutes les estimations sont également arrivées. Et vous pouvez voir ici que ces estimations de recettes ont en fait diminué par rapport à notre estimation budgétaire du 1er juillet. Ainsi, les taxes sur les services communautaires devraient diminuer de 55 000 $ par rapport au dernier exercice et à l'exercice en cours. La taxe de vente d'un demi-cent devrait diminuer d'environ 234 000 $. Le partage des recettes du ministère du revenu a également légèrement diminué de 36 000 $. La surtaxe d'un demi-cent du CITT, qui finance principalement notre tramway et notre service de tramway, a diminué de 69 000 $, soit près de 70 000 $. The State credits for investment projects are the credits that were presented to you earlier today in our legislative update. We obtained about $1.6 million in projects, which allowed us to increase our revenue by the same amount. During the last meeting, the Commission approved increases in sanitary sewage rates to compensate for the increase in costs incurred by the Miami-Dade County, which allowed us to increase our revenue by just over $1.2 million. Nous avons revu nos estimations de recettes de stationnement et avons pu augmenter nos estimations pour le prochain exercice d'environ 380 000 $. Les changements dans les dépenses nous ont également obligés à transférer des fonds supplémentaires des réserves. Nous transférons donc 8 400 $ supplémentaires des réserves restreintes de la division des bâtiments We will transfer an additional $690 in impact costs to the parks. Thus, since our estimates of July 1, we have been able to make additional coverage of impact costs on the parks for the purchase of land. We have therefore taken these additional receipts into account and you will see in the expenses that we also account for in the investment project. Nous augmentons le transfer du fonds des services publics des eaux pluviales de 700, 400, 22 dollars. Cela sert principalement à financer les fonds de contrepartie pour l'affectation que nous avons reçue. Et cela figurera dans les dépenses ci-dessous. Nous augmentons également le transfer du solde du fonds d'assainissement d'un peu plus de 500, 0,1 dollars de la même manière afin de financer la contrepartie des crédits de l'État. Cela porte donc notre variation totale des recettes depuis le 1er juillet à un peu plus de 4,8 millions de dollars pour une estimation totale des recettes de 323,309,230 dollars. Comme vous le savez, nous devons avoir un budget équilibré. Nos dépenses ont donc également augmenté du même montant. Nos dépenses au 1er juillet étaient de 318,445,14 dollars. The changes brought to the expenses are listed here. Thus, the total changes brought to the immobilizations were 3 points, or a little less than 3.4 million dollars. You can see here that we have increased the purchase of land for the Parkland project by 690,000 dollars, which corresponds to the impact costs that we account for in the receipts. We have increased the project of rehabilitation of sanitary sewage by gravity thanks to the financing of state loans. We asked for the cost of the attenuation of the floods in the estuary corridor, which is the dragging project, which is also part of the state credits and the environmental rehabilitation of the 72nd avenue. The increase in operating costs includes increases in salaries and social benefits of a little more than $447,000. This mainly concerns the increase in the cost of health insurance. In our estimate of July 1, we had an increase of about 23% of health insurance. The final figure reached 25%. We were able to compensate this cost during this exercise. Thanks to the savings we made on the general civil responsibility with our asset insurance, which, if you remember, cost us about $ 301 less. So, without that, these $400,000 would represent about $700,000, but we were able to compensate them thanks to the savings we made with this insurance. Then, we increased the professional services by about $74,000. Part of this is an increase in tram services. Evacuation of used water and sanitary sewage is the increase we compensate by the increase in costs, mainly for the costs incurred on the county. The unforeseen costs for sanitary sewage have decreased by $500,000. We therefore had a small reserve of unforeseen costs integrated into the operating budget for sanitary sewage and therefore in order to compensate for the costs of the subsidy programs, we have reduced sanitary sewage. The transfers to the general fund, so the special reserve of receipts of the town's cashier, also decreased by $300,000. This is due to the fact that at the end of the year, if the office of the janitor has more receipts than expenses, we will transfer to his reserve. In this case, we still have a small transfer, but we had to reduce it because the cost of health insurance has also been affected on the office of the city janitor. Transfer to the fund. Sorry, you are not exempted from health insurance. Transfer to the fund for sanitary waste, it's the same thing here. So, the increase in costs reduced the transfer to the fund at the end of the exercise or the transfer planned for a change. Total of 4.8 million dollars for a total of expenses revised from 323,309,209,230 and... These are the changes in relation to July 1st. The following slide is a summary of the revised budget, similar to what you saw on July 8th during our meeting of the Commission.

Here is our revised budget after these changes.

The operating revenue is now at $302 million, a little over $302 million, a little over $302 million. Reserve transfers went to $21,156,122 for a total revenue of $323 million. 309,230. Budget of expenses. The operating expenses rise to $254,082,086. Investment expenses rise to $54,456,774. And our debt service remains at $10,108. For total operating expenses of $319.103, $296. And our reserve transfers include a transfer to the Graiffier receipt, which is now raised to $5,934. And our reserve transfer for the parking fund of $4.2. You will remember that this is our planning of the debt service for the future mobility center. for a total of $4205.34 for total expenses of $323, $309, $230, $330. We have therefore added these slides this year. They are part of our annual budget, but I think it is a good representation to show where our revenues mainly come from. These are general categories, but I think this is a good indication of the origin of our revenues. You will therefore see that these are our total receipts, without counting the allocations from other funds. The tax is raised to $146.5 million. It represents 48.8% of our total receipts, but 63.5% of our receipts from the general fund. Taxes are generally financed by our General Fund and represent 63% of its revenue. The use benefits such as the right of entry in the parks, sorry, like the BTR, this kind of thing represents about 17% of our operating receipts. The other taxes, 9.5%. Licenses and permits, 6.6%. The other intergovernmental receipts, 7%, like the receipts we receive from the state or the subsidies, a little less than 4%. The right to leisure, a little less than 4%. and the placement revenues represent about 3% of our operating revenue. The following slide shows the expenses by function. We also thought it was a good slide that illustrates our expenses in a general category. Public safety represents a little over 35% of our operating budget. The physical environment, which mainly includes public works, represents about 1,900. The economic environment represents 1%. Our general government represents about 22%, which represents most of our administrative offices. Transport 9%, cultural leisure 12.8%. So, as I mentioned, and I mentioned the use of our taxes, well, today we are focusing on the budget of exercise 27. Amendment 3 will not have an impact on this budget, the budget we are talking about today. Mais lorsque nous avons planifié ce budget, nous avons fait preuve de prudence financière en nous assurant d'examiner attentivement les dépenses que nous allions ajouter à ce budget et en nous assurant d'être aussi strictes que possible. Les ministères ont vraiment coopéré avec nous en comprenant que nous ne savons pas ce que l'avenir nous réserve. Nous savons que si l'amendement 3 est adopté, nous aurons un déficit de 6 millions de dollars à gérer l'année prochaine. We have therefore been really careful in the planning of this budget and you will see it in the next slide where we talk about the additions to our budget. So, in addition to some set of decisions that we have added to our co-budget, we only add one post this year and it is actually a conversion of two posts in partial time to create a single post. And I must note that this post, we really hesitated, but the Ministry has been asking us for it for many years. And as social media and communications have become such an important part of our daily lives and the way local governments communicate with the community, we really thought it was necessary to add this post this year. So this is the only post that was approved in this budget by the manager and that was presented to you. The next slide. montre le nombre d'employés à temps plein de 2017 à 2027, soit au cours des dix dernières années. En général, la Ville a toujours été très prudente quant au nombre d'employés que nous avons ajouté, car nous comprenons que dans la situation dans laquelle nous pourrions nous trouver dans les prochaines années, la dernière chose à faire est de déplacer des employés. Nous sommes donc toujours très prudents pour maintenir ce nombre d'employés aussi serré que possible. You can see that in recent years, the increases have mainly concerned public safety, with the addition of five firefighters and five policemen each year to complete the fire station number 4 in our city center. Then, over the years, some general posts have contributed to maintaining our activities, growing here in the city. The following two slides present the immobilization projects that we fund and for which we provide new funds for this exercise. Everything outlined in green is different from what you saw at the 8th of July meeting. The differences concern mainly state loans. For environmental rehabilitation at the city level, we have a total of $2.2 million. This includes the financing that we plan to receive with the credit. The following slide shows the increase in the purchase of land. As I mentioned in the previous slide, we have introduced additional impact costs and we are able to finance this project more. There has been no change in public safety, transport and transit rights since the 8 July meeting. And then once again, the two elements highlighted on this slide are the two credits we receive for the rehabilitation of sanitary sewerage by gravity and for the dragging of the navigable route of the Etaing Corridor. For a plan to improve total immobilizations of 58, 535 dollars. So we come to our discussion today on the mileage. You know all this graph. This has been updated to include the kilometers adopted for the fiscal year 2005, so the current kilometers adopted for the current exercise for each of the cities. The columns highlighted in blue are the full-service cities, and you can see here that in the entire county, we remain tenth in terms of the kilometers. La diapositive suivante montre une comparaison avec les villes à service complet. Est-ce que la valeur moyenne des propriétés de la ville de Coral Gables paierait en fonction de chacun de ces taux de kilométrage? Ainsi, à Coral Gables, la valeur imposable moyenne pour l'année fiscale 2026 est de 1,080 $. This average value of the properties at our current mileage rate of 5.159 and the mileage rate that we are proposing today is estimated at $6.070 on behalf of city taxes. If you compare this to the Miami mileage of $7.616, this same property would pay $1.908 more. At Miami Beach, this reflects their mileage proposal this year, which they have slightly reduced. So this mileage of 6.053, the same property, would pay $564 more. And at Ialea, it would pay $811 more. And at Key Biscayne, it would pay $787 less. The information on this slide has not changed compared to the information presented in July. This slide provides you with a graph that shows the properties of Coral Gables by type and the percentage of each type of property. Thus, residential properties with properties represent a little more than 54,049 properties in total in the city. Les propriétés résidentielles sans propriété représentent un peu moins de 32%, soit 31,8%. Les propriétés commerciales représentent 8,7% pendant toutes les autres 5,4%. Il s'agit du type de propriété tel que désigné par le Bureau de l'évaluateur immobilier. Information similaire, mais cela représente les recettes fiscales foncières par type de biens. Thus, residential properties with properties generate about $70 million, or a little less than $72 million, of our total tax revenue estimated at $146 million for next year. Non-residential residences represent $37.5 million of these same $146 million. Commercial tax revenue represents $25.5 million and all the other $11.8 million. These are the same information, but in the form of circular diagrams, because the display is sometimes a little more striking. You can see how our residential tax receipts are really what feeds the city. The rest is about 50%. Although the conversation we had in the past was that although the co-ownerships are considered to be part of our residential properties, with properties, they are mainly located in our commercial district. Thus, when we talk about this graph, we explain that this is how the fund tax evaluator represents the properties, but in reality, when we examine these types of properties in our city, the commercial district contributes to its own 50% of properties without properties. And here is a graph that I like a lot here on the estrade. It really shows where the money from our residents' fund taxes goes. So when we talk about land tax and mileage, we tend to focus on the city's mileage, which is 5.159. However, our residents pay more than that. And so these 5.159 only represent $3,100, or 31% of what our residents pay in land tax. And the rest goes to the county, to the school council and to the regional taxes. The county receives 30% of our residents' land taxes. Regional taxes receive a little less than 1%, or 0.100 per dollar, and the school board receives 37% of our residents' land taxes. This chart is therefore always an excellent way to show where the money goes. Notre cotisation annuelle au régime de retraite. Et la bonne nouvelle, c'est que nous avons continué d'augmenter notre cotisation au régime 401. Nous avons donc créé le programme 401 il y a de nombreuses années pour encourager les employés à avoir des options à la manière dont ils pourraient investir leur retraite. Bien qu'il ait augmenté, il ne représente toujours pas la part la plus importante de notre financement. Il est donc passé à un peu moins de 1,3 million de dollars. And then the lower half, or the lower section, corresponds to the required annual fee, which is a little less than $25 million, or $24.99 million, while our additional retirement payment is now $8.65 million, which is slightly increased compared to the previous exercise due to the 1.5% IPC that we adjusted for each year and a small financing for the change of $375 hypothesis. It has decreased considerably compared to the amount we paid before 2025. And here is the graph that shows the evolution of 2019 to the following exercise. The following graph shows the financing ratio for this same regime. And so, even if we are still moving in the right direction, we are a little behind compared to what we could have been before 2025. And for some reason, this table does not contain the amount of 27. We will therefore send you the revised table as presented earlier.

When you say, excuse me, Madam Director, when you say that we are late, how late are we? What would you say if we had continued to finance the last two years at the same amount and that we had not accepted these 2 million dollars of adjustment over the course of life?

What would the figures be today? So it would be an additional payment of 1, 875, 67 dollars. So I chose this calculation. So the additional payment would have been about 10. 10, 500 dollars instead of spending. The ratio of financing is a real calculation. We would probably be closer to 80, just below 80% of financing. I think. Maybe because we are at 76% now, so capitalization.

A loss of 2 to 4 points after this vote. So once again, I know I say it every year and you've heard enough of it, but I can only say that the decisions you make in the stands have a huge effect on your life. Once again, when I retire, believe me, I am far from being at the level of the pension that employers will touch. You deserve everything. You have worked very hard, but in the end, the only reason why we are making this additional payment is the reason why we are making this sacrifice. And to ensure that your pensions are consolidated, as I have already said a thousand times, I will repeat it a thousand and once. When I arrived here, the pensions were financed at 52%. My goal was to make sure you were indebted. And when you decided to retire, you did it knowing that your pensions were consolidated. By accepting a COLA, that is to say a 10-year and 20-dollar slowdown for the city, it is a huge arbitration and a huge mistake for the city. As you can see, each percentage point that we lose means that instead of repaying the pension in five years, it could take what? Four or five more years.

Mayor? Yes Mayor, we were probably at 4.5 against 5 and now we are at 6.5 against 7. It depends on the market. It depends on the market. It depends on the market because we have withdrawn, it is the second year that we withdraw the 1.275 million dollars. So this year our total was 33 million dollars.

33.5 million dollars. If we had had 100% financed retirement, it would be 6.5 million dollars.

So the city would win. we would have 27 million dollars extra to work with.

So, if you allow me, once again, this is the kind of discipline that is necessary when you are on the street. And I know that it is very easy to make promises to unions in order to win elections. But it doesn't work. And when I started to make an extra payment, my intention was to pay back and make sure that your... Retirement is guaranteed. So. The next person who will have the privilege to sit in this seat in five or six years, I hope, will have 27 million dollars extra to give increases, lower taxes, give punctual bonuses, invest in the infrastructure of the city and carry out investment projects that we will be able to reimburse in kind within three or four years instead of having to borrow money. C'est l'argent dont disposera la ville si on continue à maintenir le cap et à se serrer la ceinture. 27 millions de dollars supplémentaires. Je le dis depuis des années. We are now paying the consequences of accepting a holiday for employees who have accepted a negotiated amount, who are already retired and who no longer work for the city. We must therefore be very, very careful. Anyway, the numbers do not lie. The facts are there. So when you hear promises about more and more holidays, we must be very careful, because in the event of a slowdown in the market, we could be destroyed. Mon objectif est donc de rembourser cela le plus rapidement possible afin d'avoir l'argent nécessaire dans les caisses pour pouvoir régler d'autres problèmes.

La dernière diapositive de notre présentation porte sur l'analyse des réserves du fonds général You all know that we have a reserve requirement of 25% that each year, at the end of the exercise, we finance the difference to bring the reserve to 25%. And so at the end of exercise 25, we would have financed the needs of exercise 26 at a cost of 64,082,049 dollars.

Can you give me a direct service? When I started here in 2013, what was the amount of our reserves? So in 2013, can you see it? I can't see it. My sight doesn't allow me to see it.

I can hardly see it either, but I can see 21 million, 21.1 million.

Well, it's another example, and I mention it every year, and I will continue to mention it until I no longer have the privilege to serve you.

It is much easier to spend money to look good.

Spend, spend, spend, spend. And everyone will say, look what I did for you. Look at the little shiny objects I bought you. Au lieu de payer votre retraite, j'aurais pu faire la même chose ici. J'ai rédigé la loi qui exige que 25% de notre budget soit affecté à des réserves restreintes. Cela signifie donc que nous sommes passés de 21 millions à combien ? 65 millions ?

Un peu moins de 65.

Moins de 65. Donc ce qui est bien avec ces 44 millions de dollars, c'est qu'au cours de ces années, j'aurais pu utiliser cet argent avec la Commission pour des projets favoris afin de pouvoir dire aux électeurs lorsque vous les... in the voting offices. Remember this project I was able to tell you about, which you needed in the community, we took care of it. Instead of that, we put it aside to make sure we were financially prudent and that we protected this community. Ah. So no matter how you want to get out of it, a little tightening of the belt now over a period of 10 or 15 years will bring important dividends in the future. What did I say? If we manage to finance our retirements at 86%, we could have 27, 26, 25 million dollars per year in recurring income that we don't have now. As for restricted reserves, it's the money and that's why I wrote the referendum that was approved by the residents to an overwhelming majority. This money was there when we had a hurricane. It's not me who's talking. Some people in this street don't want to believe it. But when we had a hurricane, I'm going to ask the director to explain it because I want to repeat it. Because I want to repeat it. Because I know that Erad will talk about it. But the blogs don't do it. And people live in an alternative and false reality. People talk about spending reserves. Monsieur le Directeur, qu'avons-nous fait de nos réserves il y a 8 ans, si je ne me trompe pas, lors du dernier ouragan qui s'est produit ici ? L'ouragan. Au fait, c'était un ouragan de catégorie 1, n'est-ce pas ? Catégorie 1. Catégorie 1. Pas même une catégorie 1, c'était une catégorie 1. C'était un événement d'armes.

Oui, monsieur. Ce fonds va prendre en charge deux petits ouragans, un grand ouragan... And since we had the money to operate quickly, there was always a shortage of vehicles, trucks, equipment. And we were able to get rid of it because we had the funds to pay quickly. And we had a certain number of equipment that came to us because we didn't have to go to the bank. We were able to pay quickly. And instead of waiting for a trucker to be paid in three or four months, it's different from being paid every month. And that allowed us to get all the equipment and we were able to get out in 40 days, which is faster than anyone else. Thank you.

One last question. I want you to tell me what you think about it because you count on us. Have you ever asked for a favorite project?

No sir.

I want to do this favorite project. It's my project to help this neighborhood, present it to the commission. I want to build this project. I always let the manager set the budget, right? Deuxièmement, combien d'années nous a-t-il fallu pour être remboursé par l'État de Floride de l'argent que nous avons utilisé à partir des réserves restreintes ?

Nous avons encore quelques petites sommes que nous négocions.

Je vous entends.

Nous avons encore quelques petites sommes que nous négocions avec la FEMA.

Je répète.

Nous sommes toujours en train de négocier certains montants avec la FEMA et nous faisons des audits.

So when I was at this stage of the commission and I was going to jubilate, when I was at this stage of the commission and I said, yeah, don't use your reserves. And the people around me said, hey, let's use the reserves. Let's use the reserves. That's why I wrote this law text that stipulates that you must first speak to the resident and submit the question to a referendum unless the manager appropriates it in case of emergency. Unless the judge appropriates it. We must be careful on the financial side. We must be careful. We cannot listen to the people who scream the loudest in the room. Otherwise, we will become like all the other people. And I promise you that this is going to be a major problem, a major problem. And thank God, we didn't listen to his voices, Mr. Director.

I just want to add that even during the pandemic, we didn't use the tank. And one of the things concerning the drop you see in this line is the reserve for the hurricane Irma. However, we have obtained a refund of 95 francs par la FEMA. Well, that's a whole other story. And so, as the refund probably did not happen and did not happen for the pandemic, we proceeded without touching the reserve and we maintained the reserve.

And I remember that we had conversations with the financial director. And when we agreed on the amount of money, it was the percentage that we were going to register in the law, our staff was angry by saying that 25% was a lot. Ambitious. And again, it was going to take a lot of money from the system that we could use for the needs. But I don't think there's another city in the Miami-Dade county that has restricted reserves like ours. And that's why we are one of the three cities in the state of Florida that I know. I think Key Biscayne has joined us. I'm not sure. We have to find out. And it's a feeling of pride for the city. And all employees should be proud of it. May your city be financially prudent. And may it be able to survive any catastrophe. And may we have done the necessary to ensure that your retirement is taken care of. I will not leave this estrade one day. Hey, you know what? I did what I had to do to be elected, but I put your retirement on hold. Madam Director.

Mayor, this is the end of my presentation. I would like to thank you all for your advice and your collaboration with the municipal administration and the municipal director, especially for the preparation of each budget. I think everything started before me and I am honored to perpetuate a tradition of good budgeting and good financial management of our municipal funds. This is why we present to you the budget that maintains the millage rate at 5.59 today with the least possible increase in operation while continuing, I think, to bring important improvements to the infrastructure and to offer a quality service to our residents. Je suis convaincue que si nous continuons sur cette voie, l'année prochaine, quels que soient les défis auxquels nous serons confrontés, nous nous réunirons et serons en mesure de coordonner un budget tout aussi satisfaisant, quelles que soient les recettes dont nous disposons à ce moment-là. Je crois donc vraiment que nous pouvons travailler ensemble pour y parvenir. Je crois que le directeur veut dire quelque chose, mais la prochaine étape... and that the lawyer of the city will read the ordinance of adoption of our mileage in first reading, then the operating budget.

But I think that the directors... We do it, we obviously have comments from the public, but I hear you.

Thank you, Mr. Mayor. We strongly recommend maintaining the exoneration of military rights at 5.559%. Not only do we have this referendum for the increase in the exoneration of property rights, but it also limits the other side of the coin, namely non-exploited properties at 5%. By limiting this to 5%, we will no longer have the 6.5% increase that we had this year. It would be very, very difficult. So, if we had to organize this referendum this year, not only would it cost us, and we round up to 6, but that actually represents 5.7 million dollars, but we would have an additional loss of 2 million dollars. Because instead of the other properties being plowed at 8.2%, they would be plowed at 5%. This represents a total loss of 2 million dollars, or 7.7 million dollars. This is not the time to be as skinny as we are, it is the time to keep our mileage and to make sure that we can manage it with the referendum to come and to keep these municipal services. And this tax responsibility of the city, which we were told, as you know, Mr. Mayor, when we spoke to the lieutenant-governors, who were the very example of tax responsibility, We want it to stay that way. We therefore strongly recommend maintaining the mileage at 5.159. Thank you, Mr. Director.

Mr. Clark. Your command. Yes, Mr. Mayor.

The first to intervene will be Lesfield.

Thank you, Madam Director. Robert Hanyway. Hello, Roberta.

Thank you for being here. Roberta Neway, 1236, Salhambra Circle, 30,056. Thank you for the motion you adopted earlier today on the underline. And please maintain the millage rate that allows the city to support the underline. L'Underline est un endroit spécial. À Coral Gables, nous avons déjà le Chewy Bark Park. J'y suis allé plusieurs fois. Je n'ai pas de chien, mais j'aime toujours ça. C'est merveilleux. Mon endroit préféré en ce moment est Nicky Bolstra Play Forest à South Miami, à environ 1,1 mille de chez moi. Si vous n'y êtes pas encore allé, je vous invite à y aller bientôt. Vous pouvez en profiter sans être un enfant. And the underline offers wonderful experiences for everyone. A few months ago, I went to the longest table in the world and I met a lot of new people and the food was delicious. The Underline is a clean, safe and beautiful place that offers something to everyone. People appreciate it. Do everything you can to support it during this exercise and in the future. Thank you for your time. Roberta, thank you. You are a buffet d'air frais. De rien.

Make daily. Bonjour, madalie. Comment allez-vous ?

Très bien.

Heureux de vous avoir ici.

Good evening Mayor Lago, Mayor Adjoint Anderson, Commissioner Castro, Fernandez and Lata and our municipal director and lawyer.

My name is Meg Daly.

My husband John and I are proud to be residents of Coral Gavers at 647 Almeria Avenue and I am the founder of Friends of the Underline and... First of all, I would like to thank the city of Coral Gables, its administration, its leaders and its commission for your partnership over the past decade, including the capital contribution of 7 million dollars of the city sponsored by the Lagos mayor, generated by the impact costs on development parks along the underline.

This spirit of collaboration has contributed to making the Underline a reality. Tonight, I ask Coral Goebbels to take a new step in this partnership.

I respectfully ask the city to join Miami, South Miami, the county of Miami-Dade, and Friends of the Underline, by engaging proportionally in operations and ongoing maintenance.

Merci d'avoir adopté une motion aujourd'hui, vice-maire Anderson, pour exhorter notre équipe et votre administration à se rencontrer afin de finaliser un accord conformément au terme de votre motion à soumettre à ce Conseil lors de la prochaine réunion.

Nous partageons votre engagement à garantir que le sous-sol soit propre, sûr et accueillant dans la belle ville.

Nous sommes impatients de travailler ensemble pour protéger cet investissement public extraordinaire en maintenant le sous-sol au niveau que Coral Gables mérite. We will land the aircraft and we will present this agreement during the 29 September Commission meeting. And I also ask you to maintain the mileage as proposed. And I am very impressed by the budget presentation tonight. Thank you all.

Thank you. Sylvana Orengo.

Hello.

Bonjour à la commission, au bureau du maire, au maire adjoint. Merci à tous de nous avoir invités ici aujourd'hui. Je suis fière d'être une résidente de Coral Gables depuis toujours. Je suis née à l'hôpital de Coral Gables, comme on l'appelait autrefois. J'y ai vécu de nombreuses années, toute ma vie, 22 ans. Aujourd'hui, je vais vous raconter l'histoire d'une autre résidente de Coral Gables. L'autre jour, j'ai été prise dans une terrible tempête de pluie. Cette femme est sortie de sa maison et m'a dit, venez. Venez, vous pouvez rester sous mon toit. Je me suis retournée et c'était McDaily. Ce n'est pas tous les jours que cela arrive, mais c'est l'esprit des résidents de Coral Gables. Et c'est aussi l'esprit de The Underline. The Underline propose une programmation créative, des équipements et un parc magnifique, sûr et propre, et les rends gratuits pour tous les résidents, même les non-résidents. The Underline is a safe and secure place 24 hours a day, and it's something we should value. And I know that the city of Coral Gables does, because it's one of the safest places to live in the state of Florida. And it's partly for this reason that my mother, who is from Colombia, chose to live in Coral Gables. I want to thank you all for submitting this motion today and for inviting us here. Thank you.

Thank you.

Maria Cruz.

Good evening everyone. 1447,000 accrues, 1447,000 euros, 305, 323, 254... I just wanted to make a comment. I think our residents deserve to know that every time they pay their water bill, they contribute up to 75 dollars. Cela représente 300 dollars par an à verser dans un fonds pour les eaux pluviales qui ne sera pas utilisé avant d'atteindre les 100 millions. Et ceux d'entre vous qui suivent de près ce qui se passe verront que les eaux pluviales qui se trouvent devant vos maisons ne sont pas entretenues et qu'aucun argent n'est dépensée pour cela car elle ne le sent pas. Je veux dire, je surveille les miennes depuis cinquante ans et j'ai vu peut-être plus de deux ou trois fois qui sont venues les nettoyer. Alors, rappelez-vous quand vous regardez votre facture d'eau, parce que ça a été une surprise pour moi, quinze dollars de frais d'eau, quatre-vingt-douze dollars parce qu'il y a des frais de soixante-quinze dollars, et c'est le The highest amount of all the municipalities of the county. The one below us is $2.32. Ah, and something. So, of all the municipalities, we are the ones who pay the most. The neighbors, the residents, the contributors. So don't think that you only pay taxes. You also pay $75. Or $300 a year to put money aside for future use.

Mr. Director, please clarify.

We have the fund, the funds we were talking about, of 34 million dollars, which is the fund we want to reach 100 million dollars. It's not for drainage. In fact, it's for the elevation of the sea level. We have a drainage bottom because part of the bottom for rainwater is also a drainage bottom for rainwater. And that's what allows us to modernize our drainage system. to maintain our pumping systems, for drainage, etc. There are therefore two distinct sources. One is intended for rainwater, and the other for water problems.

Thank you, Mr. Diagno.

It is therefore very easy not to give an overview of the real use of money. If you believe in the elevation of the sea level and think that we could have a problem in the near future, where will you find the money to solve the problem? If you allow me, let me just ask you, where are you going to find the money to solve the problem? Do you think you're going to go to a bank and get 500, 600, 700 million dollars to strengthen communities of low altitude? Do you understand the process of reflection? This is called identification. This goes back to what I told you before. In 2013, you start saving money to pay back the non-capitalized passive. In 2013, you adopt a law requiring 25% of your restricted reserves. It takes time. You must therefore plan accordingly to ensure that you have answers to meet the needs of this community. It is therefore so easy to come here and spread false information, to deceive people, but after all, when the sea level rises, what are you planning to do? What are you going to do? The question is to know if the city is preparing to make sure that we have a solution for the digs, for the basements, in order to ensure that we can provide and maintain this community at the level that you deserve and that you need. If you know someone who knows that these 100 million dollars are not 100 million dollars, they will be cautioned to 10 for 1, depending on the rates and the credit. Obviously, thank God, the city has one of the highest credits, not only in the county, but also in this country, due to our triple A rating. So the whole point is to plan for the future and it takes time. It takes time. That's why we have several shooting stars. to manage the rainwater, the drainage, the elevation, the sea level, minimize debt and ensure that we have an answer to future problems.

So this question was asked to me by another resident who did the same survey for the county of Miami-Dade. And when I emphasized the fact that Coral Goebbels does not have the problems of floods that other areas of the county know, where your car and your engine suck water and destroy the engine, we did not have this problem here. And the engineering that enters the drainage systems is much more advanced, now that what we had in the past Our city takes care of these problems in a proactive way. I know, Mr. Director, that you can talk about it with the VAMs to prevent the flow due to the storm waves, etc. that the city has set up. The French drains, very little, continue now towards... the navigable roads. So thank you for the long-term planning that you have carried out to ensure that we are more resilient in the future.

Mr Mayor, just to discuss what the Mayor-Adjoint just said. For example, we have a positive system that goes from Centre-Vive to Runaway and that goes to a pumping station just at Bird Road. Now, instead of replacing the sewage when we have a problem, we replace it with a French drain. Thus, we capture the water throughout the journey. So we do all these things to improve our drainage in the whole city. So it's not just about water level rise, it's about other problems. We have other problems. We have this fund for the elevation of the sea level, but this fund for drainage, we use it very effectively to improve our drainage as we move forward. So what reassures me is that we have here a educated community that clearly understands and sees that the proof is in the fruit after years and years of budget restrictions.

So thank you, you are not easily misled by the comments. Just one last comment. You have raised it several times during the last budget meetings, but I think it is useful to repeat the importance of the AAA notation of obligations. So I know that everyone here is a very educated group, and for those who look at us at home, I mean, I'm not a financial expert, you know, but the AAA notation of obligations comes from the main credit rating agencies and for a municipality of our size. The TUPA notation, which is the highest credit rating that can be obtained, reflects extremely careful management, a diversified tax plate, a proven ability to repay our debt and to plan the future. This notation of obligations means that when we buy or rather that we should increase our credit and contract a debt, we will get the best interest rate possible. Thus, when we talk about tens of millions of borrowed dollars that we plan to contract, even a tiny fraction of savings on interest rates will be equivalent to millions of dollars of interest payments less high that we will have to make. So congratulations to the management, to the financial staff and to the colleagues of the Commission who continue to think in the same way and who emphasize more than ever the need to find a perfect balance between the supply of services that the inhabitants of the city of Coral Gables expect and deserve and the ability to manage our debt in a way that can continue to grow. I just thought it was important to highlight again this point that you have made. It's very important.

Because when we have a natural disaster, if God wills, we never do it.

The rise of the sea is coming. 100 million dollars will not solve the problem. It will be released under caution. It will be released under caution. And at the end of the day, what will depend on the amount we get, is our credit code. Everything is linked.

Sir. Our fiscal responsibility, the fact that we have a reserve, the fact that we pay the additional payment on our pension regime, all of this contributes to this note at TREPAR. That's all we do. And as the Commissioner said, it helps us when we must, when we must, when we must issue an obligation as we do now, as we do now.

Dominique Jacques.

Comment allez-vous ? Merci d'être là.

Bonsoir à tous. Je m'appelle Dominique Jacques. Je tiens à remercier la ville de Coral Gavels et tous les élus qui nous ont permis de parler au nom de cette formidable organisation. Quand je dis formidable, je mets un grand G. Je souligne avec un grand U comme États-Unis, d'Amérique, un... First of all, as a community liaison agent at Underline, I do an excellent job. Thank you for Underline and for the community that we have built and maintained. And we are one of the points of contact between Underline and the community. Let's start with the families. With different types of services and we have very good testimonials. Thanks to this service, the community liaison agent at Underline, we were able to put people from Miami in touch with California after 13 years of separation with their families. We put a young boy in touch with his family in Orlando after 5 years and in fact there are two people that we still have in mind. One of them, a young boy, was in the street when I met him at Underline as a community liaison agent. I helped him, I put him in contact with the appropriate organizations, in particular the Miami-Dade school, as well as with another refuge. In fact, this boy is on the waiting list to become the agent of the marriage. It's something very good. And then there was also a lady, she was so desperate. She was about to commit suicide and then we helped her, we put her in contact with the police and everything. So he sent her to Jackson for a detoxification cure, stuff for mental illness, to get pills, drugs and everything. I saw her in Brickell in a white mouse. So it's something very good for the Underline. So I would like the city of Coral Gables to support your program, your vision to ensure the safety of the Underline, then continue to sponsor the Underline. At a level of success. Our mission is not only to serve the community, to strengthen trust, to put people in contact with resources. And I would also like to let you know that the Underline is reserved for local residents. At the Underline, as a community liaison agent, I see people coming from all over the world to enjoy this place. fresh air to relax. So do your best to ensure the safety of the underline and then make the underline move forward. It's a great organization. And then I particularly remember the city of Coquitlam. In 2013-2014, I spent a year at the hospital. I was a young student in respiratory therapy. I do my internship at the hospital with an excellent doctor, Richard Allen, who has just passed away. And Dr. Kranto. Thank you very much. And continue like that, underline. Good job, underline. Rochelle Kaplan. Rochelle Kaplan. Daniel Valmorida. Hello. Welcome.

Good evening. My name is Daniel Valmorida. I am a resident of Coral Gables. I live at 1109 Asturia Avenue with my wife and our golden retriever. I am a lawyer who made his first weapons by working with a lawyer that you may all know and who is also a long-time resident of Coral Gables, Parker Thompson. I started advising the underline with Parker more than 10 years ago. So I know the underline, not only as a resident, but also as a counselor and volunteer.

I did all this volunteering.

I would like to encourage the Commission today to continue to become the champion of the search for means to support the underline, as the cities of Miami and South Miami have already done. And I would like to thank the Board of Directors for already encouraging this process today. When I think of the history during the writing of the relationship between City Beautiful and the Underline, and our most precious public spaces in general, my neighbors and I would be very proud to see the Coral Gables of the city of Coral Gables participate in this effort of municipal teams without previous proposal between the different municipalities to support this important public space. The green spaces, the dog parks, including for my Golden Retriever, So in this story, I see the city as a hero. I would like to continue to see that. Thank you.

Thank you for being there. Mr. Mayor, I'm going to Zoom. The first interviewee I have on Zoom is Daniel. It's not the name of Daniel's family, but I ask him to reactivate his microphone. Hello everyone. Daniel Segara. In fact, I also live in Coral Gables at 118 Minorque. I also work at Coral Gables here at Lifetime. I would like to thank the Commission for the favorable motion and for Underline. Underline has brought great change to almost all those who work here at Lifetime, at Lifetime, the residents too. We use it almost every day, whether it's for a walk, for mental health, in the middle of the working day, to bike, to go and come back from home, from work, at any time of the week and the weekend.

Honestly, it's one of the biggest improvements. The fact that it was closed for so long when this area was under construction, then that it could be used again during this last year or these last two years, has changed the situation.

We have organized community hikes by bike, the Chouy Park has opened its doors and the community events that they have organized in the region have made a huge difference for the residents and all those who work here.

Thank you all. The next speaker will be Kyle Pineda.

Yes, sir.

Yes, my name is Kyle Pineda. I live at 1150 Madruga Avenue. And I would like to thank the Coral Gables Commission and all the elected officials for submitting the favorable motion for the underline regarding the budget approval. And I'm just going to talk about my own personal experience. I've been living in this neighborhood here, on this side of Gables, for nine years. So I saw the transformation in terms of transport in common. It's like day and night with the changes of the underline. And since I live so close to the rapid university transport plan and the superposition that has been established, I think that it is essential that a quality of life infrastructure accompanies it. You know, we are going to have a lot of people who will use the station and I hope that there will be a lot more. And to have this quality of life park so close to us and its amenities, it is absolutely difficult to put value in it. And I must say that the Underline is one of the best infrastructure projects I have ever seen in the county of Dade, as a Miamian, for a long time. So I would like to thank the city of Coral, Gables and the commissioners for their decision.

Thank you. The next interviewee is Harry Pickering.

How are you?

I would like to speak. My name is Harry Pickering, police lieutenant retired from Coral Gables Police Department. I retired in late 2006. Of course, I want to talk about I would just like to ask the Commission to consider doing something for the retirees. This year, I have just received the statement of our host today, and for the exercise today, we have gained interest of more than 10.5 million euros. So, as long as we maintain a rate of 10% over the next 14 days, we will have an audience on the COLA in November or December. And in 2022, I think that was the case, Mayor Anderson presented a motion that was adopted by the Commission to create a fund or a compartment to put savings in it, in order to form a fund to finance without affecting the pension system, in order to use a separate fund for a recovery, ou une indemnité partielle pour le coût de la vie ou une indemnité pour le coût de la vie. Et cela n'a jamais été fait. Ce compartiment ou ce compte n'a jamais été créé dans le budget. Et s'il y en avait eu, vous savez, il y aurait de l'argent aujourd'hui pour que nous puissions obtenir une relance cette année. En 20 ans, vous savez, j'ai pris ma retraite, je n'ai reçu que 3 indemnités pour le coût de la vie. And you have a lot of young police officers in the service and you want to keep, you know, all these agencies without seeing another massive exodus and you have to think about taking the retirees. And thank you very much. Thank you for your time. Very good. That's all, Mr. Mayor.

Very good, perfect. Madam City Attorney, could you give the order?

Mayor, the first point in the order of the day is number 3. If you give me a moment, I need to read some information. This is an ordinance foreseeing the tax perception for the fiscal exercise starting on October 1, 2026 and ending on September 30, 2027, setting the rate of this perception, foreseeing the separation and application of the product of this perception, foreseeing the separability of the provisions of the present and foreseeing that this ordinance will enter into force on October 1, 2026. That it be ordered by the City Commission of Coral Gables. Section 1. That, in accordance with the Constitution and the laws of the state of Florida as they are currently written, a tax is currently levied on all real estate and personnel assets located within the current limits of the city of Coral Gables for the fiscal year 2026. A tax of 5.590 mills, which represents an increase of 6.2432 in relation to the reduction rate of 5.982. All products of the collection of this tax will be registered in the general fund of the city and they will be reserved and distributed, transferred from this one in the sole purpose of paying the expenses of functioning and necessary investment of the city of Coral Gables, of its services, offices and properties for the exercise, ending on September 30, 2027 at the place 2027.

May I open a motion?

I propose it.

Wait a second.

I propose it. I propose it.

Wait a second. A second. The discussion is over. L'un de mes collègues souhaite-t-il ajouter quelque chose à ce sujet ?

J'essayais de proposer ce point avant tout le monde, mais tout le monde était debout aujourd'hui.

Alors, allons-y et parlons-en un tout petit peu.

J'allais proposer ce point, mais avec un taux de 5 390 dollars. Pourquoi ? Nous ne pouvons pas financer la réparation complète des nids de poules. We cannot finance the repair of sidewalks or streets. In fact, I received today a mail from one of our residents that I transmitted to public works and who had not received an answer for two weeks, saying that his brother was very sick and that his sidewalks were broken. I don't know for how long and that he had fallen over. So, while we are making an additional payment for the pension, we cannot pay our bills here. We cannot maintain our city. So what I propose directly is that people need help. But in a balanced approach. I'm not saying that we should stop paying this additional payment for the pension. But what I propose is that we don't need to pay the full amount of this additional payment for the pension. We have paid almost $9 million. We can move forward and reduce this amount to $85. This would reduce the rate of 3.333.3. This will considerably relieve residents, but not only them, because we must think about a balanced approach. There are people aged 80 or residents who live in houses for which we foresee a future who pay taxes, do not receive the best possible benefits and do not know what their reserves are for tomorrow. There are single mothers who are trying to make a living on a daily basis and who need help. Il s'agit d'une approche équilibrée. Nous continuerons à financer un paiement supplémentaire pour la pension, mais c'est mon plan. Nous ne réduirons pas les services. Nous continuerons à financer tout ce qui est prévu dans le budget. Maintenant, la ville de Billy, veuillez présenter mon graphique.

Si la télévision par câble pouvait partager mon écran.

Commissaire, j'ai reçu deux graphiques.

C'est exact.

Je ne sais pas lequel vous voulez que je partage en premier.

Eh bien, partagez-en un et je vous dirai si c'est le bon. D'accord. Donc, voici le plan. Le taux de millage proposé actuellement qu'ils veulent aller de l'avant et pour lequel ils présentent la motion est de 5,5. Mon taux demandé est de 5,39. S'il n'y a pas un quatrième, un cinquième. S'il n'y a pas quatre votes ici, nous reviendrons au taux de réduction. Je voulais juste le préciser. Maintenant, les économies annuelles d'une personne moyenne seraient de 171 dollars sur sa facture d'impôt et nous réduirions la pension de 4,45 millions, ce qui représente près de la moitié du paiement supplémentaire à la pension. Elle n'est chassée à la pension. Maintenant, je vais passer au suivant. And this is something that I really want to put into perspective. Because yes, we are trying to be careful. I'm not saying to completely remove the additional pension payment. I'm saying that we have to continue on this path by paying the pension with an additional payment. But this is what we have done year after year by financing an additional pension payment. And if you look at the bottom, we have already made the required payment. So we tell the residents and... Nous ne pouvons pas nous lancer dans un plan de 5 ans sur 5 pour pouvoir mettre en place des mesures de sécurité routière ou de modération de la circulation dans votre rue. En fait, nous mettons de l'argent de côté pour ne pas répondre à ces besoins et verser un paiement supplémentaire au régime de retraite. Cela ne me semble pas être équilibré et cela ne me semble pas vouloir soulager nos résidents. Nous pourrions continuer sur cette voie pour continuer à financer le régime de retraite supplémentaire. Nous ne réduirons pas les services. Mais c'est l'approche la plus sûre et la plus équilibrée pour penser aux personnes qui sont ici aujourd'hui et qui seront là demain. C'était donc ma motion. Evidemment, l'année dernière, j'ai proposé et que vous pouvez supprimer l'image. Merci beaucoup pour la télévision par câble. Comme vous le savez, l'année dernière, j'ai proposé une nouvelle réduction du kilométrage. Cette année, je le fais à nouveau. Cette ville doit trouver une approche équilibrée et nous devons maintenir nos résidents dans une approche équilibrée en pratique. C'est à peu près tout. It's a threat, a reduction of 3%. I don't think I want to have the support of this commission, but if this proposal is reasonable.

Well, Mr. Mayor, I prefer to provide precise information to residents. Do not misinform them. Do not manipulate them. Do not use the diversion policy. Let me remind you what happened. When we tried to ease the costs of household waste for the residents, I presented the motion.

The mayor supported it.

The commissioner Fernandez gave it to me. I did a lot of stupid things. I voted for you. You were right in front of everyone. When you told me that you were going to vote for me, I didn't know what to do. This is our campaign. Stop lying to yourself. You are opposed to the reduction of labor costs.

That was an absolute truth.

How much did we pay for the brunette labor costs? How much do you pay for the brunette labor costs? That made you cry. I can't imagine the real reason that made you cry when these additional costs could not be used. for the use that you had planned. This is a campaign draft. Let's look at the things in front of us. You know it. And I know it. Stop lying to the residents. You are opposed to the reduction of household waste.

You don't need it.

Director, how much have you lowered household waste? The effect of collecting household waste per inhabitant.

Mayor, so the Mayor. You have reduced them, M, the Vice Mayor, from $ 770 to $ 550. That's it. But the real cost, how much are we subsidizing?

We are currently subsidizing $ 9.2 million.

So we're talking about an average of well over $ 171.

The majority would go to the people who don't need it the most.

I can, Mrs. Vice Mayor, just so that people understand and put things in perspective. We almost subsidize household chores for each home up to 1,000 dollars. Almost 1,000 dollars. I'm sorry, I just wanted to... No, no, I mean... 1,000 dollars.

It's 1,000 dollars. And it goes to people, at the same amount, for each home up to... So, the people living in the richest households do not benefit from a greater reduction, as would have been the case with your proposal. And the people living in the houses, the least expensive, get a few cents per dollar. 20 dollars. 40. Which is not going to go very far in a grocery store. We have a motion waiting.

Commissioner Lottas, would you like to say something about the counterfeiting?

Yes, I mean, just briefly. I approach this budget from two angles, don't I? One is that of a commissioner in charge of the management of public funds. And also that of a landowner, a landowner of Coral Gables, who personally pays the taxes incurred by the decisions we make here during this budgetary hearing. This gives me a very concrete appreciation of what tax increases and valuations mean for our residents. Je ne vais pas me lancer dans une réplique de ce que le commissaire Castro a dit, si ce n'est pour dire que je soutiens pleinement les recommandations de notre équipe financière. Beaucoup de travail a été consacré à ce budget. Et nous avons entendu les résidents au cours des derniers mois, et je vous entends à nouveau aujourd'hui. Je n'ai entendu personne venir devant nous aujourd'hui pour dire qu'il fallait réduire le taux d'imposition. Je soutiens cette ordonnance. Ah. Commissaire Fernandez, je suis prêt à voter. The answer is the following, right? I'm going to avoid being an Instagram hit tonight. So I'm not going to answer with all that I think has just happened.

You heard the residents.

Come see us and say, don't increase the rate of law.

Don't break it.

Nous devons nous concentrer sur la ville. Nous devons nous concentrer sur nos employés qui sont devant nous.

Le vice-maire Anderson. Commissaire Castro.

Absolument pas.

Commissioner Fernandez. Commissioner Lara. Mayor Lagaud. Thank you.

Let's move on to the next ordinance.

Thank you, Mr. Mayor. The next item is an ordinance adopting the annual budget for receipts and estimated expenses for the exercise starting on October 1, 2026 and ending on September 30, 2027, foreseeing the separability of the provisions of the present and foreseeing that the current ordinance will enter into force on October 1, 2026. Since the municipal director has prepared and, on July 1, 2026, submitted to the commission a budget estimate of the receipts and expenses of all the services, divisions, offices and properties of the city. For the exercise starting on October 1, 2026 and copies of this estimate have been made available to the public at the Coral Gabelzau Library at the office of the mayor of the city. And, given that the budget estimate submitted to the Commission on July 1, 2026 of a total amount of $318,445,1014 was revised by the municipal director to include increases in receipts and expenses of a total amount of $4,864,216, yet the total amount of the budget is $323,399,230. that the summary of the receipts and expenses estimated for the exercise starting on October 1, 2026 and ending on September 30, 2027 and by now approved and adopted, as well as the justifiable data relating to these deposits to the Finance Service of the City of Coral Gables as the official budget of 2026-2027 of the City of Coral Gables as a budget. Revenue estimated from all sources, including the millage collected on all real estate and personnel assets imposed on the City of Coral Gables. Total of operating receipts, 302, 153, 108 dollars to 108 dollars. Total of transfers from reserves, 21, 156, 122 dollars to. Estimated expenses for all operational services, immobilizations and the service of the day. Total of operating expenses, 250. Immobilization project, 54, 456, 774 dollars. Total credits affected in debt service, 10, 174, 436 dollars. Total expenses, 323, 309, 230 dollars.

Thank you, Madam Speaker of the City. May I have a motion?

I present it.

A second. Second. Mr. Director, are there any comments?

No, Mr. Mayor.

Do you have any comments? Ready to vote. Any other comments from the Commission?

Commissioner Castro.

I agree with everything in the budget. The only thing that concerns me is this additional payment for the pension. So I was asking the city prosecutor's office if I should vote yes or no. Please give me some advice.

So, Commissioner, the way you vote is obviously a decision that belongs to you.

If I disagree with the amount we pay for the additional payment for the pension, should I vote yes or no?

So this budget that has been presented and the ordinance does not include the reduction of the additional payment that you have just mentioned.

So for this reason, everything else is perfect. I agree with everything and I say it officially. But for this reason, I vote no.

Commissioner Fairnaise. Commissioner Lara. Vice Mayor Anderson. Mayor Dago. To conclude, Alors, nous avons dans notre première audience budgétaire. Je tiens à remercier le personnel. Je tiens à vous remercier tous pour votre attention constante aux détails en travaillant avec tous les services, en particulier notre service des finances, dans le cadre de cet effort important et de cet effort important et le service du directeur. Merci à tous, du directeur jusqu'au poste de débutant. Nous ne pouvons pas y parvenir sans que chaque employé ne mette son grain de sel et ne s'assure que cela devienne une réalité. I can't wait to present this budget for a landing and an additional year to our assets ensuring our viability both financially as a city and as a city offering a real quality of life. I would also like to thank the members of our community who came. In particular, to talk about the Underline, it is a project that I have defended over the last 10 years and it is a truly transformative project that will change lives and change our vision, not only of the city of Coral Gables, but also of the county of Miami-Dade. So I want to thank you. You have not weakened. Even if things are complicated, you have not weakened from a yacht. And never forget that the city of Coral Gables supports you 110%, is grateful to you for your efforts. To you all. Thank you very much. May God bless you. And I hope you enjoyed this experience as much as I did.

Thank you very much.

The recording is stopped.