Miami Beach In Better Financial Shape Than Predicted


Miami Beach's tourism getting credit for filling city coffers. Miami Beach is in much better financial shape than expected. The latest resort tax revenues show January was 68-percent normal -February was 87-percent normal and March is expected to be above 80-percent. CFO John Woodruff says this is significant because the Convention Center isn't even open yet. He now expects next year's budget to be 85-percent normal. Any gaps will be taken care of with the 20-to-25-million the city is getting in stimulus checks.