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May 19, 2014 Special Commission Meeting Tax Discussion.

Published byMarvin McKenzie Modified over 8 years ago

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Presentation on theme: "May 19, 2014 Special Commission Meeting Tax Discussion."— Presentation transcript:

1 May 19, 2014 Special Commission Meeting Tax 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 YEARMILLS 199015.00 mills 199115.00 mills 199215.00 mills 199314.6978 mills 1994-199714.3925 mills 199814.3407 mills 199914.2116 mills 200014.0453 mills 2001-201313.6785 mills 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 Election DateProposalElection Results August 6, 2006DATA—GladstoneYes296 No278 05/05/2009Delta County Law EnfYes3290 No1295 11/2/2010Gladstone SchoolYes1559 No1753 2/28/12Gladstone SchoolYes834 No791 2/26/13Gladstone SchoolYes736 No589 11/5/13Bay CollegeYes2770 No1065

7 1. Area School Millage Rates AreaSchool Operating School DebtSinking FundTotal North Dickinson18.001.061.964521.0245 Norway-Vulcan17.96225.00022.9622 Iron Mountain17.93705.34023.2770 Mid Peninsula18.008.10026.10 Bark River17.03742.6019.6374 Big Bay de Noc18.001.9019.9 Rapid River18.006.40028.40 Escanaba18.004.75022.75 St Ignace18.003.5.974722.4747 NICE Community18.001.151.634320.7843 Gwinn18.00.53018.53 Negaunee18.00.91.958820.8588

8 1. Area School Millage Rates AreaSchool Operating School DebtSinking FundTotal Republic Michigamme 18.002.33020.33 Carney-Nadeau17.42963.2020.6296 Menominee18.002.0020.00 North Central18.001.35019.35 Stephenson18.00.92018.92 Superior Central 18.008.112.528.61 Gladstone18.006.65024.65

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 ConstitutionalStatutoryShortage 2004$326,599$257,628 2005$342,350$225,70931,919 2006$343,940$212,35045,278 2007$342,319$205,34852,280 2008$344,064$194,90962,719 2009$339,182$193,03364,595 2010$315,136$152,611105,017 2011$330,609$132,210125,415 2012$354,388$99,392158,236 2013$361,388$106,917150,711 $796,170

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 Parks & Recreation Dr. Cretens 2009$231,504$0 2010$216,461$75,125 2011$217,915$76,126 2012$202,197$56,190 2013$162,564$64,184

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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