2012-2013 Budget - City of Saginaw MI

PUBLIC SAFETY FUNDREVENUE BUDGET SUMMARYThe Public Safety Fund is considered a Special RevenueFund of the city. In May of 2006, the city was approvedfor a 6 mill levy on real property taxes to support Policeand Fire services. This levy was essential at that timefor the city was faced with reducing services by 51Police and Fire individuals due to the lack of generalfund revenues. Although, the 6 mills were passed, thecity had to provide a subsidy through the general fundfor the police and fire pension contribution. Also, at thattime, the city promised the citizen that during theduration of this Public Safety millage, the city wouldmaintain the same public safety personnel levels. Thecity kept its promise.mills with an additional 1.5 mills. Again, the electorateapproved the Public Safety millage at its new level. Thegeneral fund continues to provide a subsidy to this fundfor unfunded pension contributions. However, the samepromise was not given with this new millage. In fact,the city advised the electorate that the same level ofsworn personnel will not be maintained.For FY 2012/13, the Public Safety Fund’s revenues willbe $3,963,150. This is a decrease of $86,560, or -2.14%,from the previous fiscal year’s budget. The decrease inrevenues is due to a reduction in the assessment of realproperty in the city.Five-years later, in November of 2010, the Citypetitioned the electorate again for a renewal on the 6SUMMARY OF REVENUES2008/09 2009/10 2010/11 2011/12 2011/12 2011/12 2012/13Actual Actual Actual Approved Adjusted Projected ApprovedProperty Taxes 3,638,312 3,427,769 2,951,150 3,536,151 3,536,151 3,517,765 3,360,888Transfers 234,902 264,617 1,171,748 513,559 513,559 513,559 602,262REVENUE TRENDSTotal Revenues 3,873,214 3,692,386 4,122,898 4,049,710 4,049,710 4,031,324 3,963,1504,200,0004,100,0004,000,0003,900,0003,800,0003,700,0003,600,0003,500,0003,400,000Public Safety Fund Revenues Since 20072007 2008 2009 2010 2011 2012 2013Public Safety Fund Revenues11 The Public Safety millage was implemented in the 2006/2007 Approved Budget.157