The Real Deal Miami

Drop in permits hurts South Florida development services

April 11, 2008 05:37PM

A decrease in the number of permits issued in South Florida is causing a deficit in Development Services departments, which could hurt future developments. Building fees and charges account for about 75 percent of these departments’ revenue. In Miami Gardens, the number of permits issued is expected to drop from 15,000 last year to 10,000 this year, which is projected to cause a $1 million deficit. In Miami-Dade County, revenues have dropped by a quarter, causing its reserve fund to go from $14 million to $2 million. In Fort Lauderdale, revenues are projected to fall by more than $800,000 from last year.