Water Street Debt Millage

The City is proposing a millage on the August 2, 2016 ballot to fund Water Street debt payments.  

To learn more background about the Water Street Development Area and how the City has managed the debt, please review the Water Street Fact Sheet and Frequently Asked Questions.

If you would like to provide helpful feedback to the City, feel free to take the Water Street Survey.

What else has the City done to cut costs/raise revenue? The City has implemented many efforts, including, but not limited to:

General Budget

Savings

Conversion of LED Streetlights

$120,000/yr

Converted Retirees to Medicare Advantage

$250,000

Restructured 15 officer positions (net savings of $19,000 per officer/ per year for the first 3 years)

$285,000

Restructured 7 firefighter positions (net savings of $20,000 per firefighter/per year for the first 3 years)

$140,000

New Trash Contract  (5 years)

$235,000/yr

Reduced Police/Fire Overtime

$300,000

Converted Interior City Facility Lighting to LED

$ 25,000/yr

General Budget

Revenue

Streetlight Special Assessment (2 years)

$555,000

Sale of Surplus City Equipment

$200,000

Safer Grant – Fire Personnel (2 years)

$800,000

Sale of First Water Street Property

$178,000

Sale of Historic House

$120,000

Private Donations for the Heritage Bridge Project

$100,000



For more detailed information on the Water Street Development Area, visit www.cityofypsilanti.com/WaterStreet