After an extensive process, that involved extending the city’s first budget hearing to two meetings, Opa-locka commissioners on Wednesday approved a balanced budget for the coming year.
The city balanced the budget by deciding on a tax rate of about $9 for every $1,000 of taxable value. The city initially proposed a tax rate of about $9.30, but settled on the smaller rate. The 2013-2013 rate was $9.10.
Additionally, the commission decided on monthly furloughs for city employees, despite concern from commissioners, in an effort to combat the $2.57 million hole the city faced during the budget process.
City leaders still have to decide on ah insurance provider for Opa-locka, as The Florida League of Cities decided not to renew their policy with the city. Their coverage, which included workers’ compensation, liability and auto insurance, will end when the new budget year begins Oct. 1.
Assistant City Manager David Chiverton said the city is swiftly attempting to find another provider in the coming weeks.