City Finances
In addition to property tax, the city levies an income tax of 2.65% on residents, 1.325% on non-residents, and 1.6% on corporations. Revenue is also obtained from utility taxes, hotel excises and from the Detroit-owned Water and Sewer system that provides most of the fresh water and wastewater treatment facilities within the metropolitan area. Detroit has had to fight off legislative efforts to turn control of the system to the suburbs.
The city has experienced some fiscal years of balanced budgets in the new millennium with new growth in business and tourism. The city has planned a reduced workforce and more consolidated operations. In addition, Detroit had asked for pay cuts and other "give backs" from the municipal unions that represent city employees.
Read more about this topic: Government Of Detroit
Famous quotes containing the word city:
“The two elements the traveler first captures in the big city are extrahuman architecture and furious rhythm. Geometry and anguish. At first glance, the rhythm may be confused with gaiety, but when you look more closely at the mechanism of social life and the painful slavery of both men and machines, you see that it is nothing but a kind of typical, empty anguish that makes even crime and gangs forgivable means of escape.”
—Federico García Lorca (1898–1936)