Feb. 3 – Huntington Woods Hosting Ballot Question Info Session

Feb. 3 – Huntington Woods Hosting Ballot Question Info Session

Huntington Woods, MI- The City of Huntington Woods has placed a proposal for a new fire and police retirement millage on the March 10th ballot.  Funding the public safety retirement obligations through a dedicated millage, frees up funds in the General Fund budget for things like road improvements.

In 2018, the City Commission created a Long Term Budget & Planning Committee to review the City’s long-term financial health.  One of the charges was to recommend a long-term road improvement strategy.  The recommended plan requires that a source of funding be identified.  Because there is little room to levy an additional millage dedicated to roads, an alternative strategy was recommended to fund the public safety retirement obligation with a separate millage that can be levied outside of the charter cap.  The plan is to then redirect the funds currently being used for retirement obligations, towards the new road strategy.

The millage to be levied will vary depending on the annual required contribution as determined by the pension plan actuaries.  It is not expected to be greater than 2.7 mills and could range as low as 2.0 mills or even lower.  A tax calculator is available on the City’s website at www.hwmi.org to compute the projected tax impact by using a resident’s actual taxable value.  A FAQ is also available on the City’s website and provides more information on the millage proposal and the road improvement plan.

Questions on the proposal can also be directed to the City Manager at 248.581.2632 or asullivan@hwmi.org.  The City will hold a public informational meeting on Monday, February 3rd at 7 p.m. at City Hall to answer questions on the retirement proposal and the recommended road improvement strategy.

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