VILLAGE OF ARMADA
REGULAR COUNCIL MEETING OF JUNE 11, 2012
RE: 2012 TAX MILLAGE
Section 211.34d, General Property Tax Law, mandates that the County Equalization Director shall calculate the millage reduction fraction for each unit of local government in the County for the current year. The reduction factors have been calculated for each taxable fund per form L-4029 and presented to Council for approval as follows: the need for a special Public Hearing does not exist as the Headlee factor has caused a reduction from the proposed millage. The millage for the Village of Armada was approved as follows:
GENERAL OPERATING FUND 9.4674 MILLS
MUNICIPAL STREET OPERATING FUND 3.7868 MILLS
TOTAL MILLAGE LEVIED FOR TAX COLLECTION 2012 13.2542 MILLS
The 2012 millage rates are not set at the maximum allowable and did not exceed the capture from 2011. The proposed millage was set at the 3/28/11 Budget Hearing without increase under the Requirements of MCL 141.412, Uniform Budgeting and Accounting Act and a Truth in Taxation Hearing was not held under compliance with MCL Section 211.24e.