Coral Gables

Coral Gables approves budget, tax rate for 2015-16 fiscal year

Marketgoers look at plants from Grapeyard Nursery on the opening day of the Coral Gables Farmers Market in front of City Hall in 2013.
Marketgoers look at plants from Grapeyard Nursery on the opening day of the Coral Gables Farmers Market in front of City Hall in 2013. Miami Herald File

Coral Gables has approved its budget and tax rate for the upcoming fiscal year with a focus on City Hall repairs and improvements in citywide security.

The city commission approved the $178 million budget and tax rate at its second public hearing Monday evening. City leaders also approved the 2015-16 capital improvement plan, which includes funding for a new adult activity center, improvements at the youth center and a sea-level rise risk assessment.

The budget includes about $149 million in operating expenses and about $25 million devoted to the capital project budget.

Coral Gables has budgeted $1 million for the adult activity center, about $1.2 million for City Hall repairs and improvements, another $1 million for security cameras on city roadways and about $3.2 million on replacing and purchasing new city vehicles.

The capital improvement plan includes projects the city plans to target from 2016 to 2020.

“A lot of these projects that are being either constructed now, revamped now or entertained are going to be detailed in these next four years” Commissioner Vince Lago said.

The budget presentation also showed an increase of 14 employees including an internal affairs commander, a crime analyst, a new operating services assistant and four neighborhood safety aides.

The tax rate approval means the city will have a rate of about $5.56 per $1,000 of assessed property value.

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