How much funding will be generated from the income tax?

According to Plante Moran’s Income Tax Study, the income tax is expected to produce approximately $10 million, but with an estimated $5 million less in property taxes as a result of the property tax reduction, the total net revenue is estimated to be $5 million annually to be used for the dedicated purposes outlined in the ballot language. The income tax will help the City to maintain its core services, make supplemental pension payments (the City is legally obligated to make these payments for retired City employees) and reinvest in City infrastructure and public safety.

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1. What is an income tax?
2. Will property taxes be reduced now that the income tax proposal has passed?
3. Who will pay the East Lansing income tax?
4. What income would be exempt from the proposed City income tax?
5. Will the City be able to raise property taxes again in the future?
6. Will my total taxes go up or down?
7. How much funding will be generated from the income tax?
8. When will the income tax and property tax reduction be implemented?
9. What if I only work in East Lansing part of the time?
10. How will the income tax be collected?
11. What other communities in Michigan have an income tax?
12. What are mills?
13. What is taxable value and how can I find out my property’s taxable value?
14. Could the income tax give City Council access to residents' tax returns/income information?
15. How will 425 Agreements be impacted by the income tax?