Budget & Financial Reports
The Texas Township Board is committed to demonstrating fiscal responsibility in all actions. From every signed contract to every invested dollar, it is the mission of the board to ensure that the Township is receiving the best possible value for our residents. We are conservative with our expenditures, prudent with our investments, and strive to stretch every dollar as far as possible. We operate on a surplus budget and every year and invest funds into our Capital Improvement Plan (CIP) to ensure that we are saving in a responsible manner so we can achieve long-term goals.
Residents have full access to our annual operating budget and annual financial reports. Additionally, you may access our payroll, invoices, and check register each month in the Township Board Meeting Packets. If you have questions about the budget or financial reports, please contact the Superintendent.
Where Your Tax Money Goes
In the State of Michigan, cities and townships serve as the tax collection authority. We collect and distribute tax revenue to a variety of entities including the State of Michigan, Kalamazoo County, School Districts, Libraries, and more. Here is a snapshot of where your tax dollars go.
2020 Personal Tax Breakdown Example
Figures vary based on school district and applicable special assessment districts.
- Assessed Value: $140,000
- Principal Residence Exemption (PRE): 100%
- School District: Portage Schools
As you can see in the example, only a minimal percentage of your taxes are allocated to the township.
Residents may have additional special assessments not represented above if they live on a lake, are connected to water and sewer, etc. Some of these assessments include:
- Road Maintenance: Every buildable parcel in Texas Township has assessed a $120 road maintenance tax
- Street Lighting: Qualifying homes may be assessed an annual Street Lighting tax of $36
- Lakes: Residents on or with access to Eagle and Crooked lakes may be assessed for aquatic plant control, augmentation, etc.