ADOPTED - MAY 22, 2001
Agenda Item No. 11
Introduced by the Finance Committee of the:
RESOLUTION #01-163
WHEREAS, in 1970, the voters of Ingham County approved a tax levy of up to 6.8 mills as the Ingham County allocation; and
WHEREAS, pursuant to various constitutional and statutory requirements, that taxing authority has been reduced in 2001 to 6.5575 mills; and
WHEREAS, although the Board of commissioners has levied only 6.4512 mills for the past 10 years, the remaining unlevied millage has provided a measure of financial flexibility to address unexpected events; and
WHEREAS, the credit rating of the County's long term bonds has been favorably affected by this unused taxing capacity and contributed to a recent improvement in the credit rating; and
WHEREAS, the Ingham County Board of Commissioners desires to maintain the County's excellent financial position and strong credit rating.
WHEREAS, the Board of Commissioners has no current intention of raising the levied millage above its current rate.
THEREFORE BE IT RESOLVED, that the Ingham County Board of Commissioners authorizes the following question be submitted to a vote of the electorate in the primary election to be held August 7, 2001.
Shall the Constitutional limitation upon the total amount of taxes which may be assessed within the County of Ingham, Michigan, for general County operating purposes be increased by .2425 mills ($ 0.2425 per $1,000 of taxable value) for a period of five (5) years, 2001 through 2005 inclusive, to restore the County's fixed millage to 6.8 mills as set by the voters of Ingham County in 1970, but later reduced by Headlee Amendment and Proposition A requirements? (If approved and levied in full, this millage would raise in the first year of levy an estimated increased revenue of $1,412,905 in 2001).
ADOPTED - MAY 22, 2001
Agenda Item No. 11
RESOLUTION #01-163
BE IT FURTHER RESOLVED, that this question is hereby certified to the County Clerk.
BE IT FURTHER RESOLVED, that the Clerk is hereby directed to cause the proposal to be placed on the August 7, 2001 ballot and to be prepared and distributed in the manner required by law.
FINANCE COMMITTEE: Yeas: Czarnecki, Hertel, Minter, Swope, Lynch
Nays: None Absent: Schafer, Krause Approved 5/16/01