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May 19, 2014 Special Commission Meeting Tax Discussion

May 19, 2014 Special Commission Meeting Tax Discussion. Decisions……. Future Decisions….. ? A little review of History……. . General Fund Sources of Revenue. 1. Taxes 2. State Shared Revenue 3. Program Revenue User Fees Grants Dr. Mary Cretens Trust . 1. Taxes.

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May 19, 2014 Special Commission Meeting Tax Discussion

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  1. May 19, 2014Special CommissionMeetingTax Discussion

  2. Decisions…… • Future Decisions….. ? • A little review of History…….

  3. General Fund Sources of Revenue • 1. Taxes • 2. State Shared Revenue • 3. Program Revenue • User Fees • Grants • Dr. Mary Cretens Trust

  4. 1. Taxes

  5. 1. Gladstone Millage Rate History City Charter allows us to levy 15 mills. 1992 was the last time we levied 15 mills. Due to Proposal A and Headlee rollback, we currently levy 13.6785 mills which generates $1,677,811 in tax revenue.

  6. 1. History of Voted Millages

  7. 1. Area School Millage Rates

  8. 1. Area School Millage Rates

  9. 1. Your Tax Dollar

  10. 2013/2014 13.6785 Mills • Covered…… • General Government $1,051,491 • Cemetery $78,020 • Public Safety $1,248,754 • General Public Works $40,650 • Parks & Recreation $464,221 $2,883,136

  11. 2. State Shared Revenue • The State Shared Revenue program distributes sales tax collected by State of Michigan to local units of government as unrestricted revenue. The distribution of funds is authorized by the State Revenue Sharing Act, Public Act 140 of 1971, as amended. Beginning October 1, 2011, units of local governments receiving statutory revenue sharing under PA 140 will now have to meet certain criteria to be eligible to receive a percentage of the total revenue sharing appropriated. EVIP (Economic Vitality Incentive Program)

  12. 2. State Shared Revenue

  13. 2. State Shared Revenue

  14. 2. State Shared Revenue • Reality is we received $468,305 in constitutional and statutory State Shared Revenue in 2013. • The 2014/2015 State Shared Revenue budget amount is $478,840. • 2% increase

  15. 3. Program Revenue

  16. 2014/2015 13.6785 Mills • Will Cover….. • General Government $1,001,713 • Cemetery $94,689 • Public Safety $1,223,135 • General Public Works $66,515 • Parks & Recreation $588,004 $2,974,056 If the commission decided to ask the voters for a Headlee override, to levy 15 mills, that would bring in $137,900 additional revenue.

  17. What About…..? • City Hall Renovations—OHM Study from 2010 Total cost was $1,122,220 • Public Safety Officer---Estimated Cost $83,000 • DPW Building---$1,500,000 (30 years @ 3.5% $82,000 payment per year) • Replace Aging Fleet (Cost Estimates not completed yet)? • Replacing Fire Truck?

  18. Decisions….? • How do we continue to maintain the current services we offer with flat revenue? • If we decide to levy 13.6785 mills what services can we live without?

  19. November 2014 Elections • By July 29, 2014 – Petitions due date to place county and local questions on the November general election ballot need to be filed with county and local clerks by this date. • By August 12, 2014 – Ballot wording of county and local proposals to be presented at the November general election certified to county and local clerks.

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