2012-2013 Budget - City of Saginaw MI

The chart above reveals that the amount of revenues received from property taxes has changed little since2002. However, in FY 2013, the city will begin realizing monies from some of the Renaissance Zonesmaturing. Even though, there will be a slight increase in property tax revenues in FY 2012, the City ofSaginaw will continue to be more reliant on Income Tax and State Shared revenues, both of which havedeclined in recent years. The chart also indicates that State Shared Revenues have decrease steady anddramatically from 2002 through 2013. Income Tax Revenues, which has become the City major source ofrevenues have stabilized and begins to reflect an upward trend.63