Michigan: Board likely to put measure on ballot to raise property taxes
Facing declining property tax revenues, the city of Mt. Clemens ”” located in Macomb County ”” is expected to approve a ballot measure Monday night to increase property taxes, the Macomb Daily reports. The city, like most in the state, has been socked hard by a stagnant economy, record high unemployment and crashing property values. As a result, Mt. Clemens is facing nearly $1 million in deficits this budget year. Adding to the financial crisis is a 24 percent increase in employee health care costs ”” $800,000 for current employees and $1.4 million for retirees.