In a recent government meeting, officials discussed the establishment of a new Community Authority (NCA) aimed at generating additional revenue through a separate taxing district. This initiative is designed to impose higher tax rates on new residents and businesses, specifically targeting developments that will not affect the existing tax base.

The NCA will allow both the township and village to collect taxes from new developments, which include residential, commercial, and industrial projects. The proposed structure includes an additional 5 mills of property tax and a 2% income tax for any new development within the defined geographic area. This revenue will be shared among the township, village, local schools, and the NCA itself.

Illustrating the potential financial impact, officials presented a scenario where the construction of 200 single-family homes, 160 multifamily units, and various commercial and industrial developments over 14 years could generate approximately $1.16 million annually. This revenue would be divided, with nearly $500,000 allocated to both the village and township, and additional funds directed to schools and the NCA for improvements.

In a more ambitious projection, doubling the number of housing units and commercial developments could yield around $2.3 million each year, further enhancing the financial resources available to local governments and schools. Officials emphasized that this approach would allow for significant funding without raising taxes on current residents, potentially alleviating the need for future tax increases for essential services such as infrastructure and education.

The meeting underscored the importance of the NCA in fostering economic growth while ensuring that new developments contribute to the community's financial health. As discussions continue, stakeholders are encouraged to consider the long-term benefits of this collaborative taxing strategy.