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:
“Behold now this vast city; a city of refuge, the mansion house of liberty, encompassed and surrounded with his protection; the shop of war hath not there more anvils and hammers waking, to fashion out the plates and instruments of armed justice in defence of beleaguered truth, than there be pens and hands there, sitting by their studious lamps, musing, searching, revolving new notions.”
—John Milton (1608–1674)