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Budget |
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| 2007-2008 BUDGET SUMMARY |
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GENERAL FUND
Legislative
$11,225
Manager
$117,050
Elections
$3,750
Attorney
$38,000
Civic Center
$81,575
Clerk
$89,450
Treasurer
$76,375
Data Processing
$85,350
Building Department
$137,650
Ordinance Enforcement
$24,750
Department of Public Services
$289,025
Street Lighting
$49,600
Landfill
$80,000
Refuse Collection
$511,725
Fleet Maintenance
$165,250
Parks and Recreation
$553,375
Beautification Commission
$4,000
Planning Commission
$80,800
Zoning Board of Appeals
$25,325
General Administration
$240,610
Community Development Block Grant
$17,089
Transfer to Other Funds
$152,075
Debt
$28,430
TOTAL GENERAL ... |
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| GENERAL FUND REVENUE 2007-2008 |
| VILLAGE OF MILFORD
2007-2008 BUDGET
GENERAL FUND REVENUE
The 2007 taxable value for the Village is $277,106,370, an increase of $7,099,830 or 3.1% over the 2006 taxable value. The general operating budget is based on 3.4931 mills; the same millage rate as the prior year. The Tax Increment Finance (TIF) capture is at ... |
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| GENERAL FUND EXPENSE 2007-2008 |
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Legislative
$11,225
Manager
$117,050
Elections
$3,750
Attorney
$38,000
Civic Center
$81,575
Clerk
$89,450
Treasurer
$76,375
Data Processing
$85,350
Building Department
$137,650
Ordinance Enforcement
$24,750
Department of Public Services
$289,025
Street Lighting
$49,600
Landfill
$80,000
Refuse Collection
$511,725
Fleet Maintenance
$165,250
Parks and Recreation
$553,375
Beautification Commission
$2,000
Planning Commission
$80,800
Zoning Board of Appeals
$25,325
General Administration
$240,610
Community Development Block Grant
$17,089
Transfer to Other Funds
$152,075
Debt
$28,430
TOTAL GENERAL FUND
$2,860,479 ... |
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| MAJOR STREET FUND 2007-2008 |
| MAJOR STREET FUND
REVENUE
The Village maintains its 7.3 miles of Major Streets with revenue received from the State of Michigan, under Act 51 of Public Acts of 1951. The State uses a formula based on population, miles of roads, and a State-assigned factor to determine the amount of Act 51 payments.
Revenue ... |
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| LOCAL STREET FUND 2007-2008 |
| LOCAL STREET FUND
REVENUE
The Village maintains its 17.3 miles of Local Streets with revenue received from the State of Michigan, under Act 51 of Public Acts of 1951. The State uses a formula based on population, miles of roads, and a State-assigned factor to determine the amount of Act 51 payments. ... |
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| POLICE FUND 2007-2008 |
| VILLAGE OF MILFORD
POLICE DEPARTMENT FUND
The Milford Police are a department of Milford Village government. The department has contracted services with the Charter Township of Milford for many years. Since 1997, the Township is the taxing authority with respect to police services for both the Village and Township of Milford. With ... |
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| PARKING AUTHORITY 2007-2008 |
| PARKING FUND
A Parking Authority was formed in fiscal year 1991-92. The Authority is composed of seven members; three business owners or spouse, three property owners or spouse, and the Village Manager. Under this structure, a portion of the operating costs for maintaining downtown parking lots are paid from meter receipts, ... |
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| DOWNTOWN DEVELOPMENT AUTHORITY 2007-2008 |
| DOWNTOWN DEVELOPMENT AUTHORITY
The DDA is a commercial district revitalization organization dedicated to improving the economic viability, beauty and historic significance of the District. The thirteen-member Board is appointed by Council and submits its budget request for Council approval on an annual basis. Budget decisions are governed by public improvement needs, ... |
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| TAX INCREMENT FINANCING 2007-2008 |
| The Tax Increment Finance (TIF) plan was approved by Village Council in 1997, the "base year" of the plan. Under the plan, tax revenue generated by growth in the TIF district is captured from various taxing units. This revenue can only be used within the district and for projects specifically ... |
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| SENIOR AND DISABLED TRANSPORTATION 2007-2008 |
| SENIOR CITIZENS TRANSPORTATION/RIDE WITH PRIDE
The Townships of Milford and Highland cooperate with the Village in providing transportation to senior citizens within our shared jurisdictions. Two new vans were donated by the Suburban Mobility Authority for Regional Transportation (SMART) in 2005. The major source of revenue for this program is derived ... |
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| WATER/WASTEWATER FUND 2007-2008 |
| The budget includes an increase in wastewater operating and maintenance (O&M) rates from $3.74 to $3.88 per thousand gallons, an increase of 3.7%, which is ... |
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| MILLAGE RATE HISTORY |
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TAXABLE
VALUE
GENERAL
REFUSE
SEWER
SENIOR
YEAR
(in millions)
OPERATING
COLLECTION
STREET
DEBT
BRIDGE
VAN
TOTAL
2007
277.7
3.4931
2.0029
5.496
2006
270.0
3.4931
2.0029
5.4960
2005
248.7
3.5674
2.0455
5.6129
2004
233.3
3.5674
2.0455
5.6129
2003
213.4
3.6306
2.0818
3.2124
8.9248
2002
199.2
3.7195
2.1328
3.2911
9.1434
2001
193.1
3.7674
1.8000
3.3335
8.9009
2000
177.9
3.8377
1.8469
3.3957
9.0803
1999
166.3
3.8934
1.8091
3.4450
9.1475
1998
156.9
0.6000
1.8695
2.4695
1997
144.7
9.5574
1.9200
3.9652
15.4426
1996
134.1
9.6413
2.1400
4.0000
15.7813
1995
127.2
9.6413
2.3139
4.0000
15.9552
1994
118.8
9.5025
2.2806
11.7831
1993
108.8
9.7738
2.3457
12.1195
1992
100.1
10.1288
2.4309
12.5597
1991
95.3
10.1288
2.4309
12.5597
1990
84.6
10.5113
2.5227
13.0340
1989
73.1
10.8240
2.5980
0.0870
13.5090
1988
63.2
11.4300
2.2000
0.0920
13.7220
1987
58.0
10.7400
1.6700
1.6860
0.0960
14.1920
1986
52.8
10.6500
1.7600
12.4100
1985
51.4
10.6500
1.7600
12.4100
1984
51.0
10.5700
1.6700
4.8000
17.0400
1983
52.0
10.5700
1.6700
4.8000
17.0400
1982
52.7
11.1100
1.1300
4.8100
17.0500
Downtown Development Authority levies additional millage in the DDA ... |
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