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Form 13909 Lansing Michigan: What You Should Know

LANSING, Mich. β€” A tax assessment is due every year. It is one of the few ways that elected officials and citizens have to get things done in Lansing. β€œThe City of Lansing is one of the hardest working municipalities, in the country, especially in taxing its residents, while still being able to spend more per capita than average in Michigan,” said Mayor Virgo Bernard. The city is one of the fastest growing in the state. At the end of Fiscal Year 2016, the City of Lansing had a general fund surplus of 1.46 billion and an operating budget surplus of 836 million. β€œWe are a tax-exempt organization, so the City of Lansing does not have to make an operating budget. The current budget is projected to be balanced from 2025 through 2023,” said Mayor Virgo Bernard. The City of Lansing has a long history of being able to manage its budget prudently. Prior to 2013, the City of Lansing operated almost 100,000 square feet of offices and a 2.4 million square feet of warehouses, all in compliance with state law. The city is now in compliance. The city currently has a current deficit in its operating budget. For Fiscal Year 2016, the city is estimated to have a 836,000 operating deficit. Lansing city government is dedicated to helping taxpayers and property owners achieve a sustainable tax burden through sound decision-making and prudent management of its property taxes, as well as its municipal revenue stream from a variety of sources. Lansing city government follows sound fiscal governance standards and is committed to minimizing the negative effects of revenue shortfalls as well as restoring or preventing a net loss of city services and revenue. The City of Lansing follows a strict budgeting process. The City of Lansing's general and operating fund balance is reviewed annually and used to prepare the city's budget projections for future years. The budget also includes a detailed financial plan to ensure the City of Lansing is moving in the right direction. Lansing City government, through an ongoing set of policies and guidance materials will strive to keep residents informed, engaged and informed of policy developments, such as proposed tax bills or proposed changes to services, at each stage of their process for making property tax choices and decisions, including residential property value tax (SVT), tax increases and decreases, and other budget information available to the public. LANSING, Mich.

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