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Printable Form W-3SS Grand Rapids Michigan: What You Should Know
City of Grand Rapids State of Michigan — Income Tax Department. Tax and Revenue Department City of Grand Rapids is home to over 100,000 residents and serves a very diverse demographic of people including the people that work, live, play, volunteer and spend significant portion of their day in downtown Grand Rapids, including students, faculty, and staff. Downtown Grand Rapids ranks third out of ten local destinations in the United States for its number of hotel rooms, and its residents' average income in 2024 was 40,600 per year. Grand Rapids has become a destination of business and tourism. The number of visitors increased 28 percent between 2024 and 2015, with a 30 percent increase in hotel rooms and a 45 percent increase in business visitors, according to the City. The number of people working in downtown Grand Rapids rose to a record 15,200 in 2016. The average income for downtown Grand Rapids' workers in 2024 was 37,500. Downtown Grand Rapids has become a hub of employment for the State of Michigan, as it houses more than 10,000 government offices and more than 3,000 manufacturing facilities, according to the City. Grand Rapids also is the birthplace of the Red Wings professional hockey team and hosts the annual Ford Winter fest. The City has an annual deficit of 11.5 million which is covered primarily by city, state, and county agencies through general city funds. The City's current budget shortfall is being addressed through the use of an 11 million bond issue for the purchase of water, sewer and sewer-based stormwater facilities and wastewater treatment plants and a total of 8.15 million in the form of a capital reserves fund. The City is working to address the remaining 7.5 million in operating funding gaps through the sale of surplus real estate and the implementation of a new property tax rate that will begin on July 1, 2016.
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