The Budget, Finance, and Audit Standing Committee of the Detroit City Council met on October 1, 2025, to discuss multiple items, including a report on a potential local option admissions tax on sports and entertainment venues, new property tax transparency tools for homebuyers, financial reports, and several contract and fee schedule resolutions. The committee also established a $42 million corporate income tax reserve fund to backstop projected revenue shortfalls.
Line Item 5.1 – Citizens Research Council Report on Local Option Admissions Tax:
Line Item 5.2 – Fiscal Impact Analysis of the “Big Beautiful Bill”:
Line Items 5.3 & 5.4 – Property Tax Rate Notice and Pamphlet for Homebuyers:
Line Item 6.1 – Oracle Project Portfolio Management Module Contract:
Line Item 6.2 – Monthly Financial Report for July 2025:
Line Item 6.3 – Corporate Income Tax Reserve Fund:
Line Item 6.4 – Neighborhood Enterprise Zone (NEZ) Certificates for 11 New Homes in East Village:
Line Item 6.5 & 6.6 – Detroit Health Department Fee Schedule Increase and Disinterment Permits:
Line Item 6.7 – Parks and Recreation Fee Schedule Update:
We will call back to order the budget finance and artist standing committee for Wednesday, October the 1st, 2025. Would the clerk please call the roll? Councilmember Fair Durha third. Present. It is noted that Member Young will be absent. Thank you, Madam Clerk. Councilmember Gabriela Santiago Romero. Present. Mr. Chair, you have a corn. Thank you, Madam Clerk. And we are back in session for the budget finance and audit standing committee. Next, we'll move to approval of the minutes. Is there a motion to do so? Motion. Here are no objections. That action shall be taken. We've already done public comment for today's committee hearing. Now we will move on to unfinished business line item 5.1 status of the legislative policies division submitting the Citizens Research Council of Michigan's report on evaluating local option admission tax on sports and entertainment venues in Michigan. Is there a motion to discuss line item 5.1? Motion. No objections, that action shall be taken. Uh and joining us, we have Mr. Corley from LPD. As well as CRC is here today. And good afternoon to you both. Yeah, the no Mr. Chair. And uh City Council Irv Corley from Let's State Policy Division. I am Eric Lufer, the president of the Citizens Research Council of Michigan. Thank you. Whoever would like to proceed, please. Thank you so much. Um Councilmember Durall. Um afternoon, Mr. Chair and Council members. Uh again, I'm Irv Corley from the Less City Policy Division or LPD. I would like to introduce Mr. Eric Lufer, President of the Citizens Research Council of Michigan, or CRC, who is here to briefly discuss the CRC report on a local option amusement tax in the state of Michigan, including the revenue that could be generated from a local option amusement tax in the city of Detroit. As a reminder, City Council back in April approved a resolution authorizing LPD to contract with the CRC to complete studies on a local option sales tax study and a local option amusement tax. Council approved the contract with the CRC to conduct these studies back in June. Phase one of this contract is the local option amusement tax study, which is before you today. Phase two of this contract is the local option sales tax study, which will be completed in about two months. It's important to note that the CRC's local option amusement tax study is on both LPD's and the CRC's websites. With that, Mr. Chair, I would like to turn it over to Mr. Lofer for his presentation. So a couple of hard copies of his presentation. Would you like one? Yes.