Title
Request to Approve Ballot Proposal to repurpose the expiring Green Space Millage for Local Roads
Body
Resolved, that the Rochester Hills City Council hereby approves placing the following Proposal on the August 5, 2014 Primary Election ballot:
BALLOT QUESTION
PROPOSAL TO RE-PURPOSE EXPIRING
GREEN SPACE MILLAGE FOR LOCAL ROADS
In 2005, City of Rochester Hills voters authorized a special millage for ten (10) years of up to 0.3 mills to provide funding to permanently preserve green spaces and natural features within the City. The Headlee Amendment has reduced the maximum rate of that millage to .2972 mills, and it is due to expire after final levy for fiscal year 2015. It is proposed that upon expiration of the green space millage, it should be re-purposed and replaced with a tax levy of up to .2972 mills for 5 years, beginning in fiscal year 2016 and continuing through fiscal year 2020, inclusive, to be used for local roads and streets.
Shall the City of Rochester Hills re-purpose and replace the expiring green space millage of .2972 mills with a tax levy of up to .2972 mills ($0.2972 per $1,000 of taxable value) on the taxable value of all property assessed for taxes in the City for 5 years, beginning in fiscal year 2016 and continuing through fiscal year 2020, inclusive, to be used for maintenance, repair, rehabilitation and reconstruction of local roads and streets and to provide a source of matching funds to support special assessment and grant programs for local roads? This will generate an estimated $914,850 in tax revenues if levied in full in the first year.
Yes ___
No ___