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- Water Street Debt Millage
Water Street Debt Millage
To learn more background about the Water Street Development Area and how the City has managed the debt, please review the Water Street Fact Sheet and Frequently Asked Questions.
What else has the City done to cut costs/raise revenue? The City has implemented many efforts, including, but not limited to:
|
General Budget – 2016 |
Savings |
|
Conversion of LED Streetlights |
$120,000/yr |
|
Converted Retirees to Medicare Advantage |
$250,000 |
|
Restructured 15 officer positions (net savings of $19,000 per officer/ per year for the first 3 years) |
$285,000 |
|
Restructured 7 firefighter positions (net savings of $20,000 per firefighter/per year for the first 3 years) |
$140,000 |
|
New Trash Contract (5 years) |
$235,000/yr |
|
Reduced Police/Fire Overtime |
$300,000 |
|
Converted Interior City Facility Lighting to LED |
$ 25,000/yr |
|
|
Revenue |
|
Streetlight Special Assessment (2 years) |
$555,000 |
|
Sale of Surplus City Equipment |
$200,000 |
|
Safer Grant – Fire Personnel (2 years) |
$800,000 |
|
Sale of First Water Street Property |
$178,000 |
|
Sale of Historic House |
$120,000 |
|
Private Donations for the Heritage Bridge Project |
$100,000 |
|
General Budget – 2017 |
Savings |
|
Eliminated (1) FTE police officer |
$95,000/yr |
|
Eliminated Capital Facility Projects |
$120,000 |
|
Reduced Urgent Road Repairs |
$105,000 |
|
Reduced Street Sidewalk Repairs |
$6,500 |
|
Solar Panel Instillation (Fire Dept.) |
$21,000 |
|
|
Revenue |
|
Sale of City Properties |
$11,000 |
For more detailed information on the Water Street Development Area, visit www.cityofypsilanti.com/WaterStreet.