Michigan constitutional revenue sharing
WebOct 28, 2013 · We noted in our preceding post that Michigan provides two types of revenue-sharing payments to its local governments: constitutional and statutory. Constitutional revenue sharing is authorized and defined in the state constitution while statutory revenue sharing is authorized by legislative statute. WebTrust Fund and constitutional revenue sharing. Through March, fiscal year-to-date General Fund collections were $200.7 million below, and School Aid Fund collections $8.1 million above, the level ... MICHIGAN REVENUE UPDATE (dollars in millions) March Collections FY 2024-23 to Date2 FY 2024-23 CREC Estimate3,4) Type of Revenue Total1) % Change From
Michigan constitutional revenue sharing
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WebWhile constitutional revenue sharing payments are protected under the Article IX, Section 10 of Michigan Constitution, statutory revenue sharing is subject to appropriation. Over the last annual decade, statutory revenue sharing has regularly bee nappropriated at less than full funding as part of efforts to balance the state budget (See ... WebThis budget covers State-paid revenue sharing payments to cities, villages, townships, and counties, including: constitutional revenue sharing payments to cities, villages, and townships; county revenue sharing; the County Incentive Program; city, village, and township revenue sharing ("statutory" or nonconstitutional payments); and grants to …
Webconstitutional revenue sharing payments are still calculated based on the first 4% since the 2% increase is constitutionally dedicated to the School Aid Fund. o Constitutional … WebUse this lookup to access information about your fiscal year revenue sharing. Click on the drop down list and select your county. To find your county faster, type the first letter of the …
Web1 day ago · revenue by approximately $700,000, FY 2024-24 revenue by $1.4 million and FY 2024-25 revenue by approximately $400,000. Approximately 73% of sales tax revenue is constitutionally earmarked to the School Aid Fund, 10% is constitutionally earmarked to local revenue sharing, and the remainder is deposited into the General Fund.
WebApr 8, 2024 · In Michigan, revenue sharing consists of both constitutional and statutory payments. As stated in a 2024 report released by the Michigan Municipal League, constitutional payments consist of 15% of gross collections from the 4% sales tax distributed to cities, villages, and townships based on their respective populations.
WebConstitutional revenue sharing pays CVTs 15% of sales tax revenue collected at a sales tax rate of 4%. The revenue is distributed to each CVT on a per capita basis. The Governor … rivery tennisWebREGARDING: Revenue Sharing Payments to Local Governments This publication provides information on Michigan’s revenue sharing payments made to local units. Statutory and constitutional appropriations for FYs 1999-2000, 2000-01, and 2001-02—under current law and based on current enacted estimates—are discussed in the Overview. In addition ... smoothie king fleming islandWebRevenue sources The Michigan Constitution and state statutes limit the amount of property tax millage that townships can levy for general township operations. General law townships are allocated at least 1 mill from the constitutionally limited 15/18 mills allocated among townships, the county, public schools and the intermediate school district. riverzedge arts project incWebAug 10, 2024 · A group of taxpayers ( Taxpayers for Michigan Constitutional Government) filed suit in 2016, alleging that the state has improperly accounted for certain categories of payments, resulting in sustained and growing under-funding of local governments, collectively, across the state. smoothie king flower moundWebappropriations than they did in FY 2002-03 due to the growth in constitutional revenue sharing relative to statutory revenue sharing payments. Background Constitutional revenue sharing pays 15.0% of collections from the sales tax levied at a 4.0% rate to cities, villages, and townships, distributed on a per capita basis. rivery trialWebFeb 5, 2024 · State revenue sharing to cities consist of two parts: 1) constitutional sharing and 2) statutory sharing. In simple terms, constitution sharing is determined by population size and statutory … rivery toolWebMar 3, 2024 · FY 2024 Constitutional Projections 2024 Census – January Consensus 03 02 22 – This report provides, for each local unit, the total amount of constitutional revenue sharing payments issued (Oct 2024 – Feb 2024), the projected constitutional revenue sharing payments for Apr, Jun and Aug 2024. smoothie king flowood ms