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Saturday, October 25, 2014
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Published: Tuesday, 6/10/2014

Michigan raises revenue sharing

Michigan municipalities get 7 percent increase in revenue, but less than Snyder proposed

ASSOCIATED PRESS

LANSING — Local governments will receive a 7 percent boost in revenue-sharing payments from Michigan next fiscal year under a budget plan that won preliminary approval Monday in the state Legislature.

Overall shared revenue for cities, counties, townships, and villages will go up about $84 million, or 7.4 percent, to roughly $1.2 billion — less than the 9.7 percent increase in the governor’s proposal.

Lawmakers trimmed the spending increase after revenue estimates were revised downward in May.



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