Title
Adoption of the Revised 2014 Millage Rates (for Fiscal Year 2015)
Body
Whereas, in accordance with the provisions of Public Act 2 of 1968, Public Act 621 of 1978, the Uniform Budgeting and Accounting Act for Local Government, and Section III of the Charter for the City of Rochester Hills, the Mayor, as the Chief Administrative and Executive Officer for the City, has prepared the proposed budget for the ensuing year and submitted it to the Council at its first meeting in August; and
Whereas, City Council held a Budget Work session on August 18, 2014; and at its September 8, 2014 meeting City Council held a Public Hearing and heard comments on the Proposed 2015 Proposed Budget and 2016-2017 Projected Budgets and related millage rates; and
Whereas, at its September 8, 2014 meeting City Council adopted a total Millage rate of 9.7060 per Thousand Dollars ($1,000) of taxable valuation, as equalized, which included 1.9564 for Fire Fund; and
Whereas, at its September 22, 2014 meeting City Council adopted the FY 2015 and 2016-2017 Projected Budgets; and
Whereas, on November 4, 2014 the residents of Rochester Hills voted and approved an amendment to the City Charter to increase the maximum Fire millage levy to 3.0000 mill; and
Whereas, at its August 11, 2014 meeting City Council resolved if the Fire ballot question were to be approved by voters, that the City should levy no more than 2.7000 mill for the first year the millage is spread; and
Now, Therefore, Be It Resolved, the City Council hereby adopts the replacement of the previously adopted Fire Fund Rate of 1.9564 mills with the recently voter approved and City Council limited 2.7000 mills in accordance with Chapter IV, Taxation, specifically Section 4.1, Power to Tax and Secure Revenue, and Section 4.2, Charter Tax Rate & Special Voted Millage(s) Limitation, to be levied in December 2014 to provide the tax revenues included in the Fiscal Year 2015 Proposed Budget:
FY 2015 REVISED MILLAGE RATES
Rev...
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