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Staff outlines revenue pressures, developer fees and levy rollback in budget presentation
Summary
Township staff presented details of the general-fund revenue mix, noted state-shared revenue is expected to fall about 1% per year, highlighted developer fees and described the long-term effect of the Headley rollback on millage levels.
Township staff walked trustees through the general-fund revenue composition, emphasizing state-shared revenue, property taxes and other fees. Chief Carroll said state-shared revenue — a large portion of the township’s revenue pie — is projected to decline about 1% per year and that property tax revenue appears in the presentation at roughly $778,000. "The large blue portion here is, state shared revenue," Carroll explained while reviewing the slides.
The presentation also described developer fees (planning and zoning receipts of about $264,000) that are received and expended within planning functions and noted ongoing transfers to the capital-improvement fund. Trustees discussed the Headley rollback history and its cumulative effect on the township’s millage rate, which staff noted has moved from around 1.3 mills historically to approximately 0.748 mills today.
