Proposal 1 - Mass Transportation Authority Millage Renewal Proposal

Shall the current Mass Transportation Authority Millage, set to expire in 2024, which has been reduced by the required rollback to 1.2095 mills, be replaced and increased to the original amount of 1.225 mills ($1.225 per $1,000 of taxable valuation) upon the taxable valuation of the property within Genesee County, as finally equalized, for a period of five years from 2025 - 2029 inclusive for the purpose of providing mass transportation services Including demand response ("Your Ride") and other related services for the elderly, persons with disabilities, the disadvantaged and other members of the public throughout Genesee County. The estimated revenue that will be collected in the first year this millage replacement and increase is authorized and levied is $ 14,665,992. In Genesee County there are local authorities that capture and use for authorized purposes tax increment financing revenues collected from property taxes levied by the Authority. Such captured revenue would include a portion of the proposed millage levy. The total amount of captured tax increment revenues from the proposed millage levy in the first calendar year is estimated to be $368,263. The following such local authorities are expected to capture and receive disbursement of a portion of the County's property tax levy: City of Clio Corridor Improvement Authority ("CIA"), Downtown Development Authority("DDA"), and Neighborhood Improvement Authority ("NIA"); City of Davison DDA and Local Development Finance Authority ("LDFA"); City of Fenton DDA and LDFA; City of Grand Blanc DDA; City of Linden DDA; City of Montrose DDA; City of Swartz Creek DDA; Genesee County Brownfield Redevelopment Authority and Land Bank Authority; Davison Township DDA; Flint Township DDA, Beecher Road CIA, and Bristol Road CIA; Grand Blanc Township DDA; Mt. Morris Township Business Development Authority ("BDA"); Mundy Township DDA and Hill Road CIA; Vienna Township BDA; Village of Lennon DDA; Village of Otisville DDA; and Village of Otter Lake DDA. Other such local authorities could be created in the future.