THANK YOU
MIAMI
You voted YES
for the 400 million dollar general obligation bond, the Miami Forever bond.
We now have the ability to build a stronger, more resilient future for Miami.
WE ASKED FOR YOUR HELP AND YOU RESPONDED
Mayor Regalado speaks about the need to address sea level rise
Commissioner Russell showcases the flooding solutions needed
Marcelo Fernandes, Home Owner and Developer
Megan Conyers, Millennial Small Business Owner
Carlos Alves, Mosaic Artist
Patrick Gajardo, Allapattah HOA President
FLOODING HAS BECOME A REALITY OF DAY TO DAY LIFE
Sea level rise is already affecting Miami residents, and now we have the funds to start tackling the problem.
Insurance
Driving up insurance costs
Hurricane Damage
Increasing the devastation of hurricanes
Flooded Streets
Creating extreme tidal flooding that leaves water in our streets
THIS FLOODING THREATENS OUR ECONOMY, TOURISM, AND OUR CITY'S LEGACY
IN FLORIDA, JUST 4 INCHES OF SEA LEVEL RISE HAVE INCREASED FLOODING BY 400% IN THE LAST 10 YEARS
This is putting our homes, roads, schools, and community at risk. In Miami, there are almost 2 thousand homes at risk from tidal flooding and over 5 thousand homes at risk from a Category 1 hurricane. Even when our homes are dry, our neighborhoods, cars, and property values are at risk.
ENGAGING AND INVESTING IN SOLUTIONS TODAY CAN HAVE AN IMMEDIATE IMPACT AND SAFEGUARD THE MIAMI OF TOMORROW
WITH THE PASSING OF THE MIAMI FOREVER BOND, WE ARE READY TO INVEST IN OUR FUTURE
The Miami Forever bond is a $400M general obligation bond that will pay for projects to protect our homes and property from sea level rise flooding and increase affordable housing.
$192M for sea level rise / flood prevention
$100 million for affordable housing
$78 million for parks and cultural facilities
$23 million for road improvements
$7 million for public safety
These projects will evolve as the city updates the Stormwater Master Plan, ensuring projects are based on the very latest engineering and the needs of Miami residents over the next two decades. Projects will be chosen by a Citizens Oversight Board and the City Commission in a process open and transparent to the public, and trackable on the city’s website.
INVESTING IN INFRASTRUCTURE
The Miami Forever bond will support infrastructure projects that will keep our property values high and our streets dry. These types of improvements can also help lower our individual flood insurance premiums by increasing our Community Rating Score. Projects could include:
Stormwater pumps to keep our streets dry
Raised roads to prevent flooding
Seawalls to protect our neighborhoods
WHAT ARE THE BENEFITS?
Jobs
Jobs created in our community to build infrastructure
Property
Protecting our property value
Economy
Attracting new development that boosts the economy
Tourism
Preserving our tourism
NOW OUR SAFETY WILL INCREASE, BUT OUR TAXES WILL NOT
With the passing of the bond, your current tax rate will not increase. In fact, at the same time the City Commission voted to put this bond on the ballot, they also significantly lowered the tax rate. The average homeowner will actually pay $55 less next year.
THESE PROTECTIONS WILL NEVER BE LESS EXPENSIVE THAN THEY ARE NOW
In the same way that every homeowner knows that proactively fixing a small leak is much cheaper than waiting until there is full-blown water damage, tackling these projects now is less expensive that delaying as flooding damage increases and costs go up.
We can now take advantage of low interest rates in the overall market and the city’s best bond rating in 30 years. For just $125 on average per year, citizens will get better roads, parks, cultural facilities, flood prevention, and more affordable housing.