A .0031 error in the specification of the rate of the FY 2014 tax levy for the city’s park maintenance and capital improvements millage was corrected in action taken by the Ann Arbor city council at its June 17, 2013 meeting. The FY 2014 fiscal year begins on July 1.
The millage rate that was listed in the FY 2014 budget resolution – approved by the council at its May 20, 2013 meeting – was 1.0969 mills. The park maintenance and capital improvements millage should have been listed as 1.10 mills. The corresponding correction from the total millage rate was from 16.4470 to 16.4501 mills. Measured in dollars, the correction is estimated to bring in an additional $14,460 in revenue.
This brief was filed from the city council’s chambers on the second floor of city hall, located at 301 E. Huron. A more detailed report will follow: [link]