HomeMy WebLinkAboutResolutions - 1987.05.28 - 18015May 28, 1987
Miscellaneous Resolution # 87142
By: James Doyon, Oakland County Commissioner--District #10
In Re: .MILLAGE REDUCTION FUND
To the Oakland County Board of Commissioners
Mr. Chairperson, Ladies, and Gentlemen:
WHEREAS Oakland County has finished the 1986 fiscal/calendar year
with a surplus in excess of $6.56 million; and
WHEREAS the Oakland County levied tax rate of 4.6391 mills has remained
constant since 1982; and
WHEREAS Oakland County has experienced a growth in both State Equalized
Valuation and new construction.
NOW THEREFORE BE IT RESOLVED that the Oakland County Board of
Commissioners directs the County Executive's Director of Management and
Budget to establish an account entitled "MILLAGE REDUCTION FUND" in which
all of the designated surplus, plus accumulated interest, be deposited.
BE IT FURTHER RESOLVED that the 1988 Oakland County levied millage
be reduced to reflect an amount equal to the designated surplus and accumulated
interest.
Mr. Chairperson, I move the adoption of the foregoing resolution.
#87142 May 28, 1987
The Chairperson referred the resolution to the Finance Committee.
There were no objections.