Saginaw voters reject repeal of historic property tax cap
Saginaw residents voted to maintain a property tax cap that has limited city collections to $3.8 million since 1979. The proposal to eliminate the limit, which does not account for inflation, was rejected by voters despite city officials arguing it would provide long-term financial stability.
City Manager Tim Morales stated that the cap has cost the city approximately $29 million over the past 47 years. Officials noted that while the measure would not resolve all fiscal issues, removing the cap would have allowed the city to adjust for rising costs and maintain service levels.
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