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