Miami-Dade mayor ends budget tour, hears pleas to save essential programs amid $402 million deficit
"This has truly been a devastating season for me personally," Levine Cava told CBS News Miami after her final meeting at Oak Grove Park Auditorium.
"As far as bigger changes, it really comes down to the dollars that we have. Now we know $26 million we have back from the tax collector. We hope and pray there will be even more. $26 million will not go that far when you're talking about $402 million in cuts."
The mayor said residents should expect increases to the gas tax, solid waste fees, and a 6% hike in water bills.
While some minor budget adjustments have been made, she warned that there have been no significant changes to offset the looming shortfall.
Many at the meeting represented domestic violence services, arts programs and Farm Share partners.
Cari Turner, community liaison for the Share Your Heart program, said the need for food assistance is growing and cuts could be devastating.
"Each year, we see our numbers increase in need. So they continue to increase. How are we going to decrease the services? On the contrary, we need an increase," Turner said.
"We just pray that the commissioners vote to keep the food going into the county because it's so essential. Food, water, housing; these things we cannot live without."
The mayor said she has met with each county commissioner at least three times to discuss community priorities.
The first of two public budget hearings is set for Sept. 4, with the second scheduled for Sept. 18.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
21 minutes ago
- Yahoo
Why Is Sotera Health Company (SHC) Stock Soaring Today
What Happened? Shares of healthcare services company Sotera Health (NASDAQ:) jumped 20% in the morning session after the company reported strong second-quarter 2025 results that surpassed analyst expectations and raised its full-year financial outlook. The healthcare sterilization and lab testing provider announced second-quarter adjusted earnings per share of $0.20, beating analyst estimates of $0.17. Revenue for the quarter came in at $294.3 million, a 6.4% year-over-year increase, which also surpassed the consensus estimate of $275.6 million. The company's profitability also improved, with adjusted EBITDA (a measure of operational profitability) of $150.7 million, beating analyst forecasts by 9.8%. Following the strong performance, Sotera Health raised its full-year 2025 guidance, increasing its forecast for adjusted earnings per share by 7.5% to $0.78 at the midpoint. Is now the time to buy Sotera Health Company? Access our full analysis report here, it's free. What Is The Market Telling Us Sotera Health Company's shares are somewhat volatile and have had 10 moves greater than 5% over the last year. But moves this big are rare even for Sotera Health Company and indicate this news significantly impacted the market's perception of the business. The previous big move we wrote about was 18 days ago when the stock gained 3.4% amid broader positive market sentiment ahead of a busy week for corporate earnings. U.S. stock futures indicated a higher open for the markets, setting a positive tone for investors who were anticipating a heavy slate of earnings reports from major companies during the week. Notably, the earnings season got off to a strong start: More than 85% of the S&P 500 stocks that reported earnings exceeded expectations, according to FactSet data. This robust performance fueled positive sentiment, suggesting that corporate profitability remained resilient despite ongoing economic uncertainties. Sotera Health Company is down 1.4% since the beginning of the year, and at $13.43 per share, it is trading 20.6% below its 52-week high of $16.91 from September 2024. Investors who bought $1,000 worth of Sotera Health Company's shares at the IPO in November 2020 would now be looking at an investment worth $534.90. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
Yahoo
21 minutes ago
- Yahoo
Firefly Aerospace Stock Falters After First-Day IPO Pop
Firefly Aerospace's (FLY) stock is sputtering, just one day after its trading debut, when enthusiasm for the new listing sent shares soaring. The space company's stock was down 13% to about $52 Friday afternoon, wiping out more than half its gains in its first day of trading yesterday. Failure to launch was not a problem for the Cedar Park-Texas based firm, which raised nearly $870 million in an upsized initial public offering and notched big first-day returns following a series of difficult years, including a bankruptcy and rocket-development setbacks. Firefly, which counts the U.S. government's Space Force among its major clients, claims to be the first private company to successfully achieve a soft-landing on the moon. Its shares closed 34% above its IPO price of $45 on Thursday. Firefly is part of the 2025 cohort of $100 million-plus IPOs that popped on their first day of trading, showing renewed investor appetites for new stocks like stablecoin issuer Circle (CRCL) and design tool maker Figma (FIG). So far this year, that group had a median first-day pop of over 18%, outperforming new listings going back to 2021, according to pre-IPO research provider Renaissance Capital. The Renaissance IPO ETF (IPO), which tracks the firm's index, closed 12% higher on Thursday year-to-date, outpacing the S&P 500's 8% gain. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21 minutes ago
- Yahoo
DigitalBridge CEO on Surging Demand for Data Centers
Marc Ganzi, DigitalBridge CEO, says the company has been running power banks for the last ten years, currently delivering over 21 gigawatts of on-demand power for customers.
