The new millage would have less cash-flow impact on long-time residents with taxable home values capped by Proposition A. Likewise, the income tax would affect the retired and elderly less than younger, working residents, because it exempts pension and social-security income.
On the other hand, many seniors counted on their homes as a retirement nest egg. Seniors would see the value of this investment continue to dwindle, as new buyers avoid investment in Ypsilanti because its taxes would be among the highest in the state. Also, seniors would still suffer the other negative effects of higher taxes described elsewhere in this FAQ, including the flight of productive and younger people. There is no “getting something for nothing.”