Fiscal Reality: Part II
Fiscal Reality: Part II
Council discusses new revenue options for the City.
Experts from Miller Canfield and Plante Moran agreed with City staff that the City’s operations are already lean due to significant efforts to reduce costs in past years. Pat McGow, the City’s finance attorney from Miller Canfield, explained that cities in Michigan are relatively limited in taxing authority since the only options for raising revenues are property taxes, income taxes, and fees. In order to grapple with the much-needed infrastructure investments, other communities are looking at issuing bond millages or Headlee Override millages. Both millage types would go on the ballot for voter approval before being approved.
City Council will continue discussing new revenue options at the City Council retreat on December 9 and 10.