Miami is bankrupt. Unfortunately the city refuses to admit it.
In an enormously foolhardy attempt to make ends meet, in spite of the fact that Miami home prices have been hammered and 1-in-8 are unemployed, the County keeps pouring on the painful tax and fee increases.
As you recoil from your tax warning notice today, ponder this: those multiple tax hikes aren’t the only charges set to rise. Besides Miami-Dade County’s plan to raise every taxpayer’s rates 12.2% for operations and an incredible 56% for capital spending on undisclosed projects, it also plans to raise retail water and wastewater rates 5%.
And though County Manager George Burgess proposed the 5% water and wastewater hikes, that’s not because water and sewer are running in the red. They’re already quite profitable. But by raising rates, the county can dip into water and sewer cash and add $25 million to its operating spending cache while claiming it’s keeping our cost down. And for that $25 million slice the county would be right — unless you happen to drink water or flush a toilet.
“If you keep taking money it just goes to reason you’re going to be charging more so all the residents are paying more,” Commissioner Carlos Gimenez told us. “It’s actually a hidden tax. You’re just hiding it in water and sewer.”