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:
“How soon country people forget. When they fall in love with a city it is forever, and it is like forever. As though there never was a time when they didn’t love it. The minute they arrive at the train station or get off the ferry and glimpse the wide streets and the wasteful lamps lighting them, they know they are born for it. There, in a city, they are not so much new as themselves: their stronger, riskier selves.”
—Toni Morrison (b. 1931)