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QUESTION 1. REMOVAL OF THE DOLLAR TAX LIMITATION Shall
Section 45 of Chapter VII of the Charter of the City of Saginaw be amended
to eliminate the gross dollar limitation on all taxable property that was
established in 1979, and which effectively limits current rates to
approximately 5.6 mills. Elimination
of this provision would potentially increase the tax rate by 1.9 mill,
which would yield an additional $1,316,224 in revenue in the first year. This
would increase the yearly taxes on property worth $50,000 by approximately
$48. Should
the Amendment be approved?
Yes___________
No ___________ QUESTION
2. RAISING THE MAXIMUM MILLAGE RATE
FROM 7.5 MILLS TO 10 MILLS. Shall
Section 45 of Chapter VII of the Charter of the City of Saginaw be amended
to raise the maximum yearly levy on property from 7.5 mills to 10 mills.
If the dollar cap provision is also eliminated, the total tax rate
increase would potentially be 3.4 mills, which would yield an additional
$3,031,224 in revenue in the first year.
This would increase the yearly taxes on property worth $50,000 by
approximately $110. Should
the Amendment be approved?
Yes___________
No ___________ QUESTION
3.
ELIMINATION OF EMERGENCY 3 MILL PROVISION. Shall
Section 45 of Chapter VII of the Charter of the City of Saginaw be amended
to eliminate the provision allowing the levy of an additional 3 mills upon
an emergency declared by the Mayor. This
provision has not yet been used. Should
the Amendment be approved?
Yes___________ No ___________ |
