Swartz Creek To Pay GM $308K After Tax Appeal 3-01-2011 - WNEM TV 5

Swartz Creek To Pay GM $308K After Tax Appeal 3-01-2011

Swartz Creek will have to pay General Motors Co. $308,000 in a property tax dispute involving four properties.
The Flint Journal says information released during Monday night's city council meeting indicated that a Michigan Tax Tribunal ruled that the Mid-Michigan city must pay after the Detroit-based automaker filed tax appeals in 2009 and 2010.
City Manager Paul Bueche said GM initially sought an 80 percent reduction on the value of the property, but settled on 46 percent.
The tribunal ruled in mid-February.
The city will take $222,600 from its general fund and $85,400 from the garbage fund to pay GM.
Bueche says officials anticipated owing the money "at some future point."
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