2001 / 2002 Budget
The City Financial Plan for 2001/2002 has been completed. The
total appropriation for all funds, excluding General Fund transfers
to other funds, is $18,577,851. The primary focus in preparation of
the 2001/2002 Financial Plan was to maintain emphasis on the City’s
Capital Plan while continuing the reduced millage rate set last
year. We are pleased to announce that the plan continues its reduced
millage rate of 7.299 mills per $1,000 of taxable valuation. This
represents the lowest City of Grandville millage rate levied since
1966, and is believed to be the lowest millage levied currently by
any city in Kent County without an income tax.
The City’s low millage rate 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 increased 4.3% over the prior fiscal year.
General Fund revenues are projected to total $7,966,199 for the
2001/2002 fiscal year. The majority of revenue comes from property
taxes (54.9%) and federal and state shared revenue (23%). 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. The significant
Major Street projects are Chicago Dr. from Wilson to Ivanrest, Canal
St. from Chicago Dr. to 44th St., and Viaduct St. from Ivanrest to
Sanford. Twelve local streets will also be reconstructed or repaved
including Wentworth, Maple, Washington, Mill, Fairview, Chestnut,
Oaks, Yellowstone, N. Big Spring, Lucas, 41st, and Franklin.
Park & Recreation projects totaling $425,000 include a Skateboard
Park, Little League Complex Parking, and a grant match for the
extension of Kent Trails through Grandville.
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