|The Water Street Properties.|
The failure of the millage in August 2016 left the city in a tight financial situation and led to a municipal hiring freeze. Citizens Supporting Ypsi is proposing a 2.30 mills ($2.30 per $1,000 of taxable value) millage that would raise $7,840,000 payable through 2031. All of this money would be required to be directed towards the Water Street Debt. They estimate it would free up about $700,000 from the city's general fund annually. To place the initiative on the ballot the group needs to collect at least 848 signatures from citizens registered to vote in the city of Ypsilanti by April 13th.
If you'd like to learn more, there is a campaign kick off meeting February 25th from 4-6pm at The Ypsilanti Freighthouse Cafe.