Foundation for Excellence

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.

A vote to create a new non-profit in Kalamazoo has been delayed after significant public skepticism. MLive reports that the Kalamazoo City Commission held a meeting Monday night with the public to discuss how exactly the Foundation for Excellence should be formed...

Most cities and other municipalities are dealing with it: declining revenues. Much of it has to do with dwindling revenue sharing; money that trickles down from the state level which municipalities have come to count on over the years. That, coupled with higher foreclosure rates in recent years, have challenged leaders to figure out how to close the gap...