Development News for Wixom, Michigan

City Council Approves Fiscal Year 2026-2027 Budget

The City Council reviewed and approved the fiscal year 2026-2027 budget and associated resolutions. The budget includes adjustments to various line items, changes in capital improvement funds, and other fund allocations. The proposed millage rate is 13.238 mills, reflecting a decrease from the previous year. Revenue is projected to increase by 3.14%, primarily due to property taxes, while expenditures are expected to increase by 1.64%. The general fund is projected to have a balance of $6,622,581, and the budget stabilization fund is projected to have a balance of $1,499,923. Several capital improvement projects are planned for the upcoming fiscal year, with significant allocations for major and local roads, as well as safety paths. Discussions also touched upon fringe benefits, legal fees, and potential future revenue sources.