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Public Hearing and Adoption of 2007 Millage Rates (for FY2008)
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Whereas, in accordance with the provisions of Public Act 2 of 1968, Public Act 621 of 1978, the Uniform Budgeting and Accounting Act, and Section III of the Charter for the City of Rochester Hills, the Mayor as the Chief Executive Officer prepared the budget proposal for the ensuing year and submitted it to the Council at its first meeting in August; and
Whereas, at its August 1, 2007 meeting City Council acknowledged receipt from the Mayor of the Proposed 2008 Budget Plan and set a Public Hearing to be held September 19, 2007 at 7:30 p.m. to hear comments on the proposed budget plan; and
Whereas, at its September 19, 2007 meeting City Council held said Public Hearing on the proposed 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 Millages Limitation, to be levied in December 2007 to provide the tax revenues included in the 2008 Proposed Budget:
General 3.8226 Mills
Fire 1.8000 Mills
Special Police I 0.7823 Mill
Special Police II 0.4260 Mill
R.A.R.A. 0.1950 Mill
Green Space 0.2972 Mill
Pathway 0.1858 Mill
Library 0.7823 Mill
Older Persons Operating Millage 0.2403 Mill
Older Persons Transportation 0.0891 Mill
Older Persons Building Bond 0.2001 Mill
Drain Debt Fund 0.5612 Mill
General Obligation Refunding Bond - (GORB) series 1998 0.0997 Mill
General Obligation 2002 Refunding Bond - (GORB) series 2002 0.2244 Mill
Total City Millage 9.7060 Mills
per Thousand Dollars ($1,000) of taxable valuation, as equalized; and further, Special Lighting (Christian Hills Subdivision) be levied at the rate of $12.41 per lot or description; Special Lighting (Denison Acres Subdivision) be le...
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