via Midland Daily News
No Midland residents spoke during a public hearing Monday on the proposed $77.8 million City of Midland budget for 2012-13. The budget would maintain the current property tax rate of 14.79 mills. One mill equals $1 per $1,000 of assessed value, so the owner of a home with an assessed value of $100,000 would pay $1,479 in taxes to the city. The budget meets council goals to keep the tax rate flat, protect public safety jobs, increase funding for road projects and increase in the city's fund balance, Midland Assistance City Manager Dave Keenan said. "We feel sufficient resources have been appropriated in the proposed budget to maintain core services and the array of amenities at their current levels," he said.
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