News Flash

Citywide News

Posted on: May 10, 2018

New City budget continues to emphasize key services, unassigned fund balance

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The City of Taylor recently adopted its 2018-19 general budget brought forward by Mayor Rick Sollars and approved by City Council, 7-0, during a vote May 1.

"This budget is the result of a lot of hard work by not only the City Council and the administration, but by all of our department heads and other staff members who put in countless hours,” Mayor Sollars said. “I think the results speak for themselves.”

The overall general budget mirrors much of what residents have seen in the past, with nearly 40 percent dedicated to public safety (police and fire); a little over 20 percent to general government expenses; over 10 percent to public works; and smaller portions to economic and community development and recreational and cultural activities. Almost 20 percent is dedicated to non-departmental issues like fringe benefits, debt and transfers.

The total general budget is projected to be approximately $40M.

2018-19 BUDGET OVERVIEW-18Taylor’s total tax rate, at 71.54 mills, compares very favorably with other municipalities in the region. The City's total millage rate ranks 14th of 27 listed in the region. Neighboring communities like Trenton (70.23), Flat Rock (71.76), Wyandotte (72.32) and Dearborn Heights (73.13) rank close to Taylor when the entire tax rate, including city, county and school taxes, are taken into consideration.
2018-19 BUDGET OVERVIEW-15An important factor in the budget is that Taylor continues to gain in unassigned general fund balance, or “rainy day” funding. Municipal financial experts advise that governments should have 15 to 20 percent of their general fund in that account. It is projected to stand at 17 percent under the new budget.

When Mayor Sollars’ administration began in late 2013, the City faced a structural deficit and was in the midst of a state-mandated Deficit Elimination Plan. The City worked its way out of the DEP a full year ahead of forecast, and its unassigned general fund balance has been growing ever since that time.

“It is the administration’s intent to establish and maintain an unassigned fund balance that meets recommended levels without impairing the services to the City residents,” the mayor wrote in his budget overview to council.

Other key portions of the budget include:

  • The actual City tax rate of 28.5409 mills is estimated to remain the same
  • The City’s total taxable value of real and personal property increased by 1.83 percent, limited by Proposal A and the Headlee Amendment
  • While budgeted state revenue increases by 2.21 percent, it should be noted that it remains approximately $2.9 million below the amount Taylor received in fiscal 2000-01
  • Employee and retiree health care insurance is expected to increase between 5 and 8 percent
  • Fire Department expenditures are expected to decrease nearly 10 percent because of previous one-time purchases of vehicles and equipment
  • Likewise, Parks and Recreation expenditures are decreasing over 35 percent because of one-time expenditures in the previous budget year
  • Motor Vehicle Pool expenditures decrease by nearly 20 percent, due to large costs of removing fuel tanks in the previous budget

To visit the City of Taylor's Community Financial & Performance Dashboard, click here


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