City Commissioners To Talk Taxes, Website, Marijuana, Parkway – Traverse City Ticker

While Traverse City’s red-hot real estate market might seem like a good thing for local governments collecting property taxes, the City of Traverse City could actually lose an estimated $4.5 million over the next five years due to the Headlee Amendment – Michigan legislation that requires cities to reduce their millages when property growth exceeds inflation. At a city commission study session tonight (Monday), City Assessor Polly Cairns and City Treasurer James Henderson will review how Headlee could impact city revenues the next several years. City commissioners tonight will also receive an overview of the city’s new website, discuss rules for recreational marijuana stores before a May 2 vote to approve a new ordinance, and consider hiring a negotiator to work with the state on the city’s behalf on the Grandview Parkway redesign.

Headlee
Michigan legislation passed in 1978 to protect property owners from tax increases has had another impact in the ensuing decades – constraining…

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