Finance and Economic Resiliency Committee 6.17.2026

The City of Miami Beach Finance and Economic Resiliency Committee held a budget workshop on June 17, 2026, focusing primarily on the city's capital and operating budgets for fiscal year 2027. Key procurement-related discussions included the prioritization and funding of over 800 capital projects totaling requests far exceeding available funds, with emphasis on renewal and replacement of existing infrastructure, utilities, and public safety facilities. The committee reviewed funding strategies such as reallocating interest income to capital projects and using golf course surpluses for related renovations. Specific projects discussed included Flamingo Park turf replacement, marine patrol dock improvements, convention center roof replacement, and various community center upgrades. The committee also addressed the potential impact of upcoming state property tax reforms on budget deficits, with preliminary estimates indicating a need for $7.9 million to $17.9 million in expenditure reductions. Members emphasized maintaining core services like public safety while exploring efficiencies in other departments. Additionally, the committee discussed the potential for AI-assisted permitting software, with a preliminary budget allocation of $9.5 million pending further evaluation. The meeting concluded with plans for continued budget refinement and public hearings in the coming months.