25LINKBUDGET(FULL) - Flipbook - Page 9
City of Plymouth 2024 / 2025 Budget
e)
An estimate of the amount of money to be raised from current and delinquent
taxes and the amount to be raised from bond issues which, together with
income from other sources, will be necessary to meet the proposed
expenditures;
f)
Such other supporting schedules as the Commission may deem necessary.
Section 8.4: Budget Hearing
A public hearing on the budget shall be held before its final adoption, at such time and
place as the Commission shall direct and notice of such public hearing shall be published at
least one week in advance thereof by the Clerk. A copy of the proposed budget shall be on
file and available to the public for inspection during office hours at the office of the Clerk for
a period of not less than one week prior to such public hearing. Public Notice should be
pursuant to provisions of MCL 141.411 et. seq. and other applicable law.
Section 8.5: Adoption of Budget Tax Limit
No later than the second regular meeting of the Commission in the month of June, the
Commission shall, by resolution, adopt the budget for the next fiscal year and shall in such
resolution make an appropriation of the money needed for municipal purposes during the
ensuing fiscal year of the City and provide for a levy of the amount necessary to be raised by
taxes upon real and personal property for Municipal Purposes, which levy shall not exceed
one and one-half percent (15 mills) of the taxable valuation of all real and personal property
in the City: Provided, that such levy may be increased from time to time for one-year periods
by a majority of the electors of the City voting at the election at which the proposition to do so
shall be so submitted, but such increase shall be limited to an amount which will not cause the
total levy under authority of this section to exceed two percent of the assessed value of the
real and personal property in the City for the year in which such increase shall be authorized,
subject to the provisions of State Law relative to the assessment and levy of taxes for the
payment of principal of, or the interest on, bonds or other evidence of indebtedness issued
by the City.
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