VOTERS DECIDE: FUNDING MILLIKEN SERVICES - NOV 2022 ELECTION

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VOTERS DECIDE: FUNDING MILLIKEN SERVICES
This November, Milliken voters will consider two separate ballot issues that could provide long-term funding to support core Town services such as public safety, parks, and streets.


BALLOT ISSUE: .5% SALES TAX INCREASE
An increase in the sales tax rate is estimated to generate approximately $547,310 annually and could provide funding for core Town service
       PROS
       * Additional funding for core Town services such as police, streets, and parks.
       * Even with the increase, Milliken sales tax is still lower than other area municipalities.
       * Sales taxes are paid by all individuals making purchases in Milliken, including residents and those traveling through.
     CONS
       * All purchases, including online sales, that apply a local tax rate will cost more.
       * The Town will keep all resulting revenues even if the actual collections exceed revenue projections.
       * The change would be permanent.

BALLOT ISSUE: TAX RETENTION
Without increasing taxes, voters can authorize the Town to keep all revenues from existing sources, including the voter-approved mill levy (real property taxes) and other sources. Allowing the Town to keep this revenue would generate approximately $116,310 annually.
     PROS
       * Tax rates would not change.
       * Additional revenue will be generated by the removal of caps on revenues.
       * Administrative costs associated with monitoring revenue caps will be avoided.
     CONS
       * Existing caps on revenue collection would be removed.
       * The change would apply to all revenue sources.
       * The change would be permanent.

TOWN REVENUE AND EXPENSES
Over the last few years, General Fund expenses (the cost of providing core Town services) have increased approximately twice as much as the revenue generated to pay for them. 


CURRENT SALES TAX COMPARISON CHART