Yes, you hear the promise of lower property taxes and you roll your eyes. But when the amount of money promised to the Kalamazoo s Foundation For Excellence is $400 Million Dollars, then maybe it s not so pie in the sky as we might believe.
Here s the nuts and bolts of this immediate impact: FFE’s endowment funds will balance the City of Kalamazoo’s budget, maintain the 2017 property tax decrease for all home and business owners, and advance community projects in line with the goals of the City’s strategic vision, Imagine Kalamazoo 2025. FFE funds projects that address generational poverty, economic development, parks improvements, youth development, affordable housing, and neighborhood infrastructure. - City of Kalamazoo release.
$400 million donation to fund Kalamazoo government projects
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What Does Kalamazoo $400M Endowment Mean? Start with Lower Taxes
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$400 million donation to fund Kalamazoo government projects
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