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August 10, 1971 - Image 2

Resource type:
Text
Publication:
Michigan Daily, 1971-08-10

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Page Two

THE MICHIGAN DAILY

Tuesday, August 10, 1971

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SUBSCRIBE TO THE MICWGAN DAILY

Local income tax may be levied;
officials cite growing expenses

Continued from Page 1)
projected for continuing current
service levels.
If the city were to rely on in-
creased property taxes to main-
tain its current level of services,
the millage level would neces-
sarily jump to a hefty 22.7 mills
by 1976-77, the report predicts.
In addition, the report speaks
of the city's inability to maintain
a revenue expansion comparable
to that of recent years because
of a number of "adverse phe-
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nomena." The report points out
that:
-The city has reached its
legal millage limitation;
-The assessed value of pro-
perty in the city "will grow at
a generally decreasing rate"
during the next five years; and
-"The disappearance of the
traditional $1.1 million dollar
payments by the University for
police and fire services will cut
the city police and fire budgets
by 18 per cent.
The study also discounts the
feasibility of relying on new state
or federal revenue sharing pro-
grams to provide the city with
adequate funds over the next five
years,
Current state revenue sharing
proposals have put the city at a
distinct disadvantage because the
city currently has no income tax,
and has a relatively low property
tax.
A compromise bill in the Leg-

islature, which combines popula-
tion and local taxing efforts as
the factors for receiving shared
funds, would only provide the
city with about $204,000 in fiscal
1971-72.
"Federal proposals are not yet
well enough developed to enable
the projection of revenues from
federal sources," the report
says. "However, if the federal
bill most favorable to the city of
Ann Arbor were adopted, the city
would receive about $800,000 in r
1972-73," the report predicts.
This amount would be ex-
pected to increase by about ten
per cent annually. Thus, if both
the State and the federal pro-
grams became effective, the city
would receive about $1,500,000 in
1976-77-almost $6 million short I
of funds necessary to continue
current city operation.
City Council is expected to
schedule a ntimber of working
sessions to study the 90-page re-
port in detail.
City Administrator, Guy Lar-k
com Jr. says that his office will
issue a more complete report on
the matter, possibly within two
weeks.
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8:30-5:15 P.M.
MON.-SAT.
UM UNION
COMING
Thursday & Friday

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SUMMER FILM FEST.
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ANGELA
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AND ALL POLITICAL
PRISONERS
SPEAKERS:
Claudia Morcum,
Co-chairwoman:
Paula Smith,
Youth Co-ordinator:
MICHIGAN COMMITTEE
TO FREE ANGELA DAVIS
THURS., AUG. 12
7:30-3529 S.A.B.

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