May 19, 2014 Special Commission Meeting Tax Discussion.

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Presentation transcript:

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

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

1. History of Voted Millages Election DateProposalElection Results August 6, 2006DATA—GladstoneYes296 No278 05/05/2009Delta County Law EnfYes3290 No /2/2010Gladstone SchoolYes1559 No1753 2/28/12Gladstone SchoolYes834 No791 2/26/13Gladstone SchoolYes736 No589 11/5/13Bay CollegeYes2770 No1065

1. Area School Millage Rates AreaSchool Operating School DebtSinking FundTotal North Dickinson Norway-Vulcan Iron Mountain Mid Peninsula Bark River Big Bay de Noc Rapid River Escanaba St Ignace NICE Community Gwinn Negaunee

1. Area School Millage Rates AreaSchool Operating School DebtSinking FundTotal Republic Michigamme Carney-Nadeau Menominee North Central Stephenson Superior Central Gladstone

1. Your Tax Dollar

2013/ 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

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)

2. State Shared Revenue

ConstitutionalStatutoryShortage 2004$326,599$257, $342,350$225,70931, $343,940$212,35045, $342,319$205,34852, $344,064$194,90962, $339,182$193,03364, $315,136$152,611105, $330,609$132,210125, $354,388$99,392158, $361,388$106,917150,711 $796,170

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

3. Program Revenue Parks & Recreation Dr. Cretens 2009$231,504$0 2010$216,461$75, $217,915$76, $202,197$56, $162,564$64,184

2014/ 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.

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 3.5% $82,000 payment per year) Replace Aging Fleet (Cost Estimates not completed yet)? Replacing Fire Truck?

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

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.