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.