Kalamazoo budget

3:26 pm
Mon May 27, 2013

Where will Kalamazoo find additional revenue?

Lead in text: 
Combination of tax exempt property, no city income tax, part of city's budget problem
The City of Kalamazoo has a revenue problem. The local government does not collect property taxes on a majority of the land within its borders, yet property taxes and intergovernmental contributions account for more than 70 percent of the city's budget.
Read More: http://mibiz.com
8:37 am
Tue May 21, 2013

Kalamazoo faces $2.5-million deficit for 2014

Lead in text: 
Early retirement program has helped, but deficit remains for variety of reasons
  • Source: Mlive
  • | Via: Kalamazoo Gazette
The city will have to close a $2.5 million structural gap for fiscal year 2014 by increasing revenue and making cuts. In fiscal year 2013, it still falls $0.5 million short in the General Fund, city administration told the Kalamazoo City Commission on Monday in an update to the city's Early Retirement Incentive.

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