All the residents of Key Biscayne know that in 1991 our community became a self-governed municipality in Miami Dade County. It was the beginning of our respect for constitutional principles for our community that we embraced to give high quality to our local government.
Indeed, magnificent constitutional principles became cherished realities. For example, long time property owners and also all future residents investing here knew they would continue to pay property taxes to Dade County.
All understood that a percentage would be transferred to our local government to fund a yearly budget for the needs of our municipality. And our yearly village budget has served us well over the past 27 years. We have administered our municipal revenues wisely and have completed many capital improvements necessary for our community.
And now that we are studying the need for a capital improvement project to bury FPL power lines, it is time to respect the correct method to pay for the project. To satisfy all Key Biscayners, it should be done via our village annual budget to which we all contribute in accordance to our cherished constitutional principles.
That is eminently logical considering that our yearly budget, as per our charter, is proposed by our village manager and approved by our council and all of us at public hearings. And we all pay the same for police and fire rescue etc. and the concept establishing that all of us should pay for capital improvements amounts that are not different from one Key Biscayner to another should be re-affirmed. It was decided when the constitutional principles of our local government were conceived.
If our government needs to borrow money it will be the responsibility of our government. And the loan will be paid via our annual budget which will be approved by our council and by all of us. Additional municipal millage might be introduced to pay for the additional capital improvement and our council and all of us will have the last word.