Bay City, Michigan 48706
Front Page 03/29/2024 08:40 About us
www.mybaycity.com December 11, 2005
(Prior Story)   Business ArTicle 958   (Next Story)
Sponsored by Bay Area Chamber of Commerce

City of Bay City Making Plans to Lose State Revenue Sharing, GM Plant

Five Year Financial Forecast Includes Doomsday Cash Flow Scenarios

December 11, 2005       Leave a Comment
By: Dave Rogers

Printer Friendly Story View

GM Leaving? Tax Base Would Take Big Hit
 

While the Bay Area Chamber of Commerce and local officials have opened a dialogue with General Motors in an attempt to preserve industrial operations and tax base here, the city is preparing for the worst.

"We need to examine the daily services the City provides and identify either other funding sources or elimination of the services and reallocation of employees through attrition."

The above statement by City Manager Robert V. Belleman is a red alert to the City Commission issued Dec. 9.

"I am in the process of compiling data and financial information from each of the General Fund departments relative to four scenarios," Belleman wrote to Mayor Robert J. Katt and commissioners.



Three scenarios involvereduction in state revenue sharing by 25, 50 and 100 percent. "The fourth scenario includes the loss of a large taxpayer (i.e. General Motors Powertrain Facility) and its implications on the City's operations," Belleman wrote. Water and sewer departmentswould also be severely hit by loss of the GM plant, he added.

Belleman suggests as special meeting in January to discuss the potential fund losses "and the overall level of service the City of Bay City is looking to provide its residents and businesses."

The manager and assistant manager Steve Black attended a Delphi Strategy Meeting in Lansing Dec. 2 hosted by the Michigan Economic Development Corporation (MEDC). The state and many municipalities are evaluating the financial impacta Delphi bankruptcy would have. The city is making retention calls to area businesses that are currently supplying products to Delphi.

GM announced Nov. 21 that it is restructuring manufacturing operations to return the company to profitability and long-term growth. A total of 30,000 manufacturing positions will be eliminated through 2008.

While the fate of the local plant that has been a GM facility for nearly 95 years has not been announced, local sources fear that the cut of 30,000 jobs inevitably will affect Bay City over the next three years.

The company plans to achieve most job reductions through attrition and early retirements. GM is negotiating these issues with unions.###

Printer Friendly Story View
Prior Article

February 10, 2020
by: Rachel Reh
Family Winter Fun Fest is BACC Hot Spot for 2/10/2020
Next Article

February 2, 2020
by: Kathy Rupert-Mathews
MOVIE REVIEW: "Just Mercy" ... You Will Shed Tears, or at Least You Should
Agree? or Disagree?


Dave Rogers

Dave Rogers is a former editorial writer for the Bay City Times and a widely read,
respected journalist/writer in and around Bay City.
(Contact Dave Via Email at carraroe@aol.com)

More from Dave Rogers

Send This Story to a Friend!       Letter to the editor       Link to this Story
Printer-Friendly Story View


--- Advertisments ---
     


0200 Nd: 03-25-2024 d 4 cpr 0






12/31/2020 P3v3-0200-Ad.cfm

SPONSORED LINKS



12/31/2020 drop ads P3v3-0200-Ad.cfm


Designed at OJ Advertising, Inc. (V3) (v3) Software by Mid-Michigan Computer Consultants
Bay City, Michigan USA
All Photographs and Content Copyright © 1998 - 2024 by OJA/MMCC. They may be used by permission only.
P3V3-0200 (1) 0   ID:Default   UserID:Default   Type:reader   R:x   PubID:mbC   NewspaperID:noPaperID
  pid:1560   pd:11-18-2012   nd:2024-03-25   ax:2024-03-29   Site:5   ArticleID:958   MaxA: 999999   MaxAA: 999999
claudebot