GR approves 2014-2015 spending plan

GRAND RAPIDS, Mich. (WOOD) — The Grand Rapids City Commission approved a $441 million budget Tuesday morning.

The biggest chunk of funding for the 2014-2015 fiscal plan is from the city’s income tax, equaling about $65 million.

Property owners contribute close to $13 million through property taxes. A homeowner with a home worth about $90,000 with a taxable value of about $45,000 would owe about $413 in property taxes.

The biggest expenses are in the area of public safety; it costs just over $46 million to run the Grand Rapids Police Department and just under $38 million to get a fire truck to your door.

The new fiscal year begins July 1.

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