Politics & Government
2012-13 Draft Budget Projects $5.6 Million Shortfall for Township
Residents wishing to comment on items within the proposed budget can do so at public hearings scheduled June 13 and 27 at 7 p.m. in Town Hall.
Anticipating that next year’s revenues will fall short of its expenses, Macomb Township has drafted a 2012-13 budget that predicts a $5.6 million shortfall.
According to the most recent version of the preliminary 2012-13 budget, updated April 30, Macomb Township is expected to take in roughly $44.8 million in revenue, but spend $50.5 million on its services and operations over the next fiscal year.
However, Macomb Township budgets have in an effort to allow for balance throughout the year. A recent audit of the 2010-11 budget, which projected a $10 million shortfall, has revealed the township in its general fund.
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“This is our preliminary budget,” said Supervisor Mark Grabow. “As residents go through this, they’re going to see we very clearly marked our budgets and each year we tend to do a fantastic job of bringing money back to the township.”
Wednesday was the first of three public hearings scheduled to allow township residents a chance to review the budget and address any issues or concerns to the board before a final draft is adopted.
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The next public hearing date is June 13 at 7 p.m. in . Residents can download a PDF copy of the proposed 2012-13 budget from the township website.
Should changes be made to the preliminary budget prior to June 13, an updated version will be posted on the township website.
The third and final public hearing will be held June 27 at 7 p.m. in Town Hall. Following that hearing, trustees could adopt the 2012-13 budget officially.
2012-13 Budget Highlights and Summary
- $44,855,225 – Projected revenue for 2012-13
- $50,510,447 – Projected expenditures for 2012-13
- $5,655,222 – Project shortfall for 2012-13
- $29,139,372 – An estimate of the general fund balance as of June 30, 2012
Compiled from the budget draft updated April 30, 2012
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