Truth-In-Taxation and Budget Hearing Notice

brainstorm1This is a Truth-In-Taxation and budget hearing notice to support the proposed budget for the fiscal year 2017-2018.  The Millington Arbela District Library Board intends to levy its allocated millage of .9942 mill on all real and personal property within the Millington Arbela District Library’s legal service area.

The library’s income from property taxes is calculated by multiplying the taxable value of the property in the library’s legal service area by the allocated millage.

This allocated millage may be reduced by the Tuscola County Equalization Office to compensate for an increase in the assessed value of real and personal property in each of the townships that exceeds the rate of inflation.  The Headlee Amendment regulates this reduction.

The purpose of the Truth-In-Taxation hearing is to retain as much of the money generated by new construction in the library’s legal service area as is allowed by the Headlee Amendment.

The Truth-In-Taxation meeting is scheduled for Monday, February 6, 2017 at 6:45 p.m. in the Frieda Meachum Conference Room located in the Millington Arbela District Library.

After the Truth-In-Taxation meeting, the library’s proposed budget for the 2017-2018 fiscal year will be presented and discussed with a regular Library Board meeting to follow.

Pursuant to the Open Meetings Act, these meetings are open to the public to attend. If you need special accommodations, please contact the Library Director, Jill Brown, at (989) 871-2003.