2000 / 2001 Budget
The City Financial Plan for 2000/2001 has been completed. The
total appropriation for all funds, excluding General Fund transfers
to other funds, is $21,075,637. The primary focus in preparation of
the 2000/2001 Financial Plan was the direction of the City Council
to reduce the operating millage if at all possible. We are pleased
to announce that the plan reflects a 1.18 mill reduction in city
operating millage rate from 8.479 to 7.299 mills per $1,000 of
taxable valuation. This represents the lowest City of Grandville
millage rate levied in 34 years (1966) and is believed to be the
lowest millage levied currently by any city in Kent County without
an income tax. 0.18 mills of the reduction reflects a voluntary
offset of the General Fund contribution to the Grand Rapids
Authority made by the city prior to the establishment of the
Interurban Transit Partnership. The remaining 1.0 mill reduction is
a general tax decrease.
This millage reduction is primarily possible due to property tax
revenue increases directly related to the commercial development of
the Rivertown Parkway corridor. The total Ad Valorem Property Tax
Assessment has increased 18.4% over the prior fiscal year.
General Fund revenues are projected to total $6,981,829 for the
2000/2001 fiscal year. The majority of revenue comes from property
taxes (57.3%) and federal and state shared revenue (25%). General
Fund expenditures include a wide array of city services including
fire, police, District Court, parks and recreation, cemetery,
general administration, and others.
A primary emphasis in this year's budget continues to be Major
and Local Streets. The City Council continues to emphasize
improvements necessary to maintain the integrity of our street
system. Significant additional allocation from the General Fund has
been authorized for both Major and Local Streets: $623,000 to Major
Streets, and $362,000 to Local Streets. The most significant
projects are the continuation of the reconstruction of 44th Street
from Wilson to Canal, reconstruction of Wentworth Drive south of
Prairie Street and median landscape improvements on Rivertown
Parkway. Additionally, Chicago Drive from Wilson Avenue to the East
City Limits will be reconstructed.
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Grandville, MI 49418
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