Oct 18, 2022BoardMeeting
BoardAntis Township Budget Workshop Minutes
The board held a budget workshop focusing on several financial and operational areas. Key discussion topics included a proposal for a 10% increase in contributions to local fire companies and library funding, alongside a request for a five-year capital plan from the library. The board reviewed the Capital Improvement budget, including project grading and fund balance analysis, reaching a consensus to increase the Capital Improvement account's EIT distribution from 25% to 50% and raise the millage to 1 mill. Additionally, the board examined General Fund revenue and expense projections and discussed a proposed ladder investment strategy to capitalize on rising interest rates.