|Overall, the Village of Cass City is in sound financial shape. The Council and Management have created budgets for our times. The original budget is set in December of each preceding year, and budget amendments are created to reflect the current trends and realities of Cass City's financial situation. Management is in constant contact with local and state departments, analyzing trends, forecasts,the housing market, and business activity.|
|Even though the number of residents has decreased over the past years,and the dollars become more limited, the Cass City dashboard focuses on areas that are positive, or neutral, but not negative.|
|Street Funding is funded by tax revenues, Act 51 payments, MDOT reimbursement of M-81 maintenance, local bridge tax,and a local special assessment for the Northwood Meadows Street construction.|
|Lastly, the Village of Cass City does not offer a Retirement Health Plan or Pension to its retirees. Retirement Contributions are paid into a 401K Retirement at 10% employer contribution / 4% employee contribution.|
To view the 2015 Financial Audit, click here.