Reimbursement for Local Communities

A ten-bill package to ensure that local governments are not hurt by a cut in the personal property tax on business, is on the fast track in Lansing. The tax has, for years, provided essential revenue to many local communities, but the recently approved phase-out has endangered that funding. A ten-bill package approved by the Michigan Senate yesterday would guarantee 100 percent reimbursement to the affected local communities. The tax cuts, which are actually underway for small businesses, will come to a halt however, if a ballot proposal to continue the cuts is not approved by voters in August. The ten-bill revenue sharing legislation now goes to the Michigan House for consideration.