Dashboard for City of South Lyon

View details in the Citizens' Guide
Economy & Financial Health 2018 2019 Progress
Taxable Value (100k) $343,726 $377,920
OPEB Notes:

Employees receive a stipend of $500 per month toward Health Insurance premiums until age 65.  Public Safety employees receive a stipend of $700 per month toward Health Insurance premiums. The City will begin to make normal cost contributions; valued by an actuary, for new employees hired after July 1, 2018.  The City will also begin to contribute the annual required contribution; valued by an actuary in 2020.