The recently adopted City Charter of Marquette requires a strategy for creating economic opportunity. The City Economic Development Plan will include a funding approach utilizing resources and tools from public and private partners, including State funding available through a Local Development Finance Authority (LDFA). The City recently revitalized this process, expanding boundaries originally identified in 1983 in order to meet contemporary development needs. This process has not, and will not, change the existing tax millage, or otherwise create any new tax impacts for City property owners.
The City seeks to keep all interests informed, and will continue to provide informational updates moving forward. Answers to some of the most Frequently Asked Questions (FAQ) are available in the link above.