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Fraser retains proposed millage rates as finance staff warns about fund balance erosion
Summary
City manager Levin and finance staff proposed holding current rubbish and PA 33 millage levels, projecting use of roughly $2 million of fund balance (including a $1 million storm earmark) and leaving an estimated $3 million unrestricted; council debated the PA 33 levy but did not change the draft rates.
City Manager Levin presented the recommended millage rates at the May 4 budget workshop, explaining the city sets four millage levies (charter operating, rubbish, ALS and PA 33) and that the charter and ALS rates are subject to Headley reductions. He recommended continuing the rubbish millage at 1.4 and keeping PA 33 at 1.5 for the coming fiscal year to maintain revenue streams while funding priorities such as storm repairs.
Levin said the recommended budget would…
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