Connect with us

South Florida

Miami Beach begins issuing voter-approved bonds to upgrade infrastructure

The bonds were approved by residents in November.

The Miami Beach City Commission voted Wednesday to begin issuing millions in voter-approved bonds to help fund numerous infrastructure projects throughout the city.

In November, residents voted in favor of a $439 million general obligation bond, which the city says it will pay off over the next three decades by raising property taxes. The City Commission approved the issuance of the first $153 million with its vote on Wednesday.

According to the city’s numbers, $87.7 million of that will go toward projects regarding parks, recreational facilities and cultural facilities. Another $36.9 million will be for police, fire and public safety measures, and the final $28.4 million is for neighborhoods and infrastructure improvements.

The move comes after the G.O. Bond Oversight Committee, which was set up as part of the plan, reviewed and validated the disbursement.

“The timing is ideal for the first issuance of our general obligation bond,” said Miami Beach Mayor Dan Gelber.

“Not only did we recently conclude a careful review of the prioritization of our projects of which our resident, committee members and City Commission were in agreeance, but the current market is extremely strong for municipal bonds.”

Once the $439 million is fully dispersed, $169 million will go toward parks and and recreation, $72 million will be spent on public safety, and $198 million will be set aside for neighborhoods and infrastructure improvements.

A total of 57 individual projects are planned by the city, sidewalk repairs, a pair of new fire stations and a new library and park in North Beach.

Written By

Ryan Nicol covers news out of South Florida for Florida Politics. Ryan is a native Floridian who attended undergrad at Nova Southeastern University before moving on to law school at Florida State. After graduating with a law degree he moved into the news industry, working in TV News as a writer and producer, along with some freelance writing work. If you'd like to contact him, send an email to

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ron DeSantis pulls back nearly 170 Rick Scott appointments


Nikki Fried may soon target stores selling CBD oil


Joe Henderson: WMNF listeners let station know how they feel about Rob Lorei


Lenny Curry defends using uniformed cops in political ads


Sign up for Sunburn

Receive our team's agenda-setting morning read of what's hot in Florida politics. Delivered straight to your inbox Monday through Friday.

Florida Politics is a statewide, new media platform covering campaigns, elections, government, policy, and lobbying in Florida. This platform and all of its content are owned by Extensive Enterprises Media.

Publisher: Peter Schorsch

Contributors & reporters: Phil Ammann, Jim Rosica, A.G. Gancarski, Joe Henderson, Janelle Irwin, Dan McAuliffe, Michael Moline, Jacob Ogles, Scott Powers, Bob Sparks, Andrew Wilson.
Phone: (727) 642-3162
Address: 204 37th Avenue North #182
St. Petersburg, Florida 33704

Sign up for Sunburn

Receive our team's agenda-setting morning read of what's hot in Florida politics. Delivered straight to your inbox Monday through Friday.