Title
Adoption of the 2017 Millage Rates (for Fiscal Year 2018)
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 and proposed the budget for the ensuing year and submitted it to the City Council at its first meeting in August; and
Whereas, at its August 14, 2017 meeting City Council acknowledged receipt from the Mayor of the 2018 Proposed Budget and the 2019-2020 Projected Budgets and set a Public Hearing for September 11, 2017 at 7:00 p.m. to hear comments on the Proposed Budget Plan and Millage Rates; and
Whereas, at its September 11, 2017 meeting City Council held said Public Hearing and heard comments on the Proposed Budget Plan and Millage Rates.
Now, Therefore, Be It Resolved, the City Council hereby adopts the following tax rates 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 2017 to provide the tax revenues included in the Proposed Fiscal Year 2018 Budget:
PROPOSED MILLAGE RATES
Operating Millages 2017
General Fund (Charter) 2.2561
Local Street I (Voted) 0.3470
Local Street II (Voted) 0.4753
Local Street III (Voted) 0.2908
Fire Fund (Charter) 2.7000
Special Police I (Voted) 1.1829
Special Police II (Voted) 1.4693
Pathway (Voted) 0.1817
RARA Operating (Voted) 0.1907
OPC Operating (Voted) 0.2352
OPC Transportation (Voted) 0.0979
Library Operating (Charter) 0.7658
Operating - Subtotal 10.1927
Debt Millages:
Chapter 20 Drain Debt 0.0413
OPC Building (Voted) 0.2265
Debt - Subtotal 0.2678
TOTAL MILLAGES 10.4605
The Total Millage rate of 10.4605 is per Thousand Dollars ($1,000) of taxable valuation, as equ...
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