Midland’s City Council is considering a slight increase in the city’s annual budget. The spending plan for the fiscal year, beginning July 1, is just under $44.5 million. The current year’s budget is $44.3 million.
The largest expenditure is $18.5 million for public safety, $6.2 million for general government and $5.8 million for parks and recreation. The budget includes a 2% rate hike for water and a 2.5% hike for sewer charges. The budget includes $14.8 million towards unfunded liabilities of $137 million for pensions and retiree health care.
The millage rate remains the same at 15.14 mills. It would cost the owner of the average, $149,000 home, $94 a month.
One more public hearing will be held during the May 7th Midland City Council meeting with a final vote to approve the budget, May 21st.
Copies of the budget are available during regular business hours at the city clerk’s office, the Grace A. Dow Memorial Library or on the city’s web page, http://cityofmidlandmi.gov