Title
Adoption of the 2018 Millage Rates (for Fiscal Year 2019)
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 13, 2018 meeting City Council acknowledged receipt from the Mayor of the 2019 Proposed Budget and the 2020-2021 Projected Budgets and set a Public Hearing for September 10, 2018 at 7:00 p.m. to hear comments on the Proposed Budget Plan and Millage Rates; and
Whereas, at its September 10, 2018 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 2018 to provide the tax revenues included in the Proposed Fiscal Year 2019 Budget:
PROPOSED MILLAGE RATES
Operating Millages: 2018
General Fund (Charter) 2.4959
Local Street I (Voted) 0.3444
Local Street II (Voted) 0.4718
Local Street III (Voted) 0.2886
Fire Fund (Charter) 2.7000
Special Police I (Voted) 1.1742
Special Police II (Voted) 1.2725
Pathway (Voted) 0.1803
RARA Operating (Voted) 0.1893
OPC Operating (Voted) 0.2334
OPC Transportation (Voted) 0.0971
Library Operating (Charter) 0.7602
Operating - Subtotal 10.2077
Debt Millages:
Chapter 20 Drain Debt 0.0394
OPC Building (Voted) 0.2134
Debt - Subtotal 0.2528
TOTAL MILLAGES 10.4605
The Total Millage rate of 10.4605 is per Thousand Dollars ($1,000) of taxable valuation, as equalized; and
Be it ...
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