Lies in Wise Government Planning and Spending
Despite being one of the
most-vulnerable barrier islands in the nation at an elevation of barely four
feet above sea level, the city of less than 100,000 on a land mass smaller than
8 square miles is a densely developed and walkable cash cow.
A tiny fraction of
Miami-Dade County, its millions of visitors, luxury residences and endless
array of restaurants, shops, night spots and cultural centers give it a taxable
value approaching $40 billion.
“This past November, Miami Beach residents
overwhelmingly approved $439 million in general obligation bonds for additional
infrastructure, with $198 million dedicated to resilient building enhancements.
The residents’ willingness to tax themselves and the elected officials’ courage
in raising fees is a testament to our desire to adapt and invest,” Torriente
said.
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