VILLAGE OF ARMADA
REGULAR COUNCIL MEETING OF JULY 11, 2016
RE: 2016 TAX MILLAGE

Section 211.34d, General Property Tax Law, mandates that the County Equalization Director shall calculate the millage reduction fraction for each unit of local government in the County for the current year. The reduction factors have been calculated for each taxable fund per form L-4029 and presented to Council for approval as follows: the need for a special Public Hearing does not exist as the Headlee factor has caused a reduction from the proposed millage. The millage for the Village of Armada was approved as follows:

GENERAL OPERATING FUND:                                                           9.2810 MILLS
MUNICIPAL STREET OPERATING FUND;                                       3.7122 MILLS
TOTAL MILLAGE LEVIED FOR TAX COLLECTION 2016:          12.9932 MILLS

The 2016 millage rates are set at the maximum allowable per the 2016 current year Headlee Millage Reduction Fraction MCL 211.34d. The millage was set at the July 11, 2016, Regular Meeting of the Village Council without increase under the requirements of MCL 141.412, Uniform Budgeting and Accounting Act and a Truth in Taxation Hearing was not held under compliance with MCL Section 211.24e.