Dear Honorable Mayor Christi Fraga, Members of the City Council, and Residents:

In accordance with the City of Doral Charter, the Code of Ordinances, and the laws of the State of Florida, I am pleased to present the City of Doral’s Adopted Operating and Capital Budget for Fiscal Year (FY) 2025 beginning October 1, 2024 and ending September 30, 2025. The adopted FY 2025 budget is a responsible fiscal plan that stresses financial viability and sustainability, invests in public safety, and puts tax dollars to work to improve the quality of life in Doral.

Doral has steadily grown from a sparsely populated suburban enclave into one of the undisputed economic success stories in the region. According to a variety of demographic indicators, Doral has experienced rapid economic growth since its incorporation in 2003 and has quickly become one of Miami-Dade County's most significant local economies.

Recent increases in population and property values provide evidence of a city on a vigorous growth trajectory. The most upto- date estimates from the Florida Bureau of Economic and Business Research indicate that Doral's population has increased by 7.2% since 2020 to an estimated 81,318 inhabitants in 2023. That vigorous population increase is reflected in the Miami-Dade County Property Appraiser's estimate for this fiscal year of a 10.1% increase in Doral's Taxable Value.

The municipality is also investing in the city's well-being. The community is now enjoying the benefits of the City of Doral's Parks Bond, with the highly anticipated revamped Doral Central Park opening in FY 2025. As the final stages of the bond projects are completed, Doral's residents will see transformational amenities come to fruition that will improve quality of life and offer enduring benefits to the entire community for decades to come.

It’s important to note that all these important public initiatives have been implemented while maintaining a responsible budget and robust reserves, an accomplishment which can be fully evidenced in this responsible, well-rounded budget. The detailed economic information in this budget provides Doral's residents and businesses with clear evidence of the city's ongoing growth. As Doral continues to develop and mature, stakeholders can feel assured that their city's economy is thriving, and all signs point toward continued prosperity.

 Download Adopted Budget