2020 Plante & Moran, PLLC. Tax. Rep. Jon Hoadley of Kalamazoo, the top Democrat on the House Appropriations Committee, said he was particularly proud to fund new initiatives such as Healthy Moms, Healthy Babies to address maternal and infant mortality and the disproportionate racial impacts. For the second year in a row, Michigan local government units will experience a revenue … “Saying that the development of the 2021 budget has been difficult would be an understatement, but I am very proud that we’ve been able to work together with the Legislature to put together a budget that moves Michigan forward,” the governor said in a written statement in which she thanked GOP leaders. Cuts are planned, too. L’Anse, MI 49946, Enforcement of Emergency Executive Orders. Nursing homes will receive $20 million in grants for protective equipment. That’s because the constitutional payment budget for 2019 has increased by $37.2 million over the amount appropriated by the 2018 budget. Revenue Sharing and Grants Division. Revenue Sharing. The process also was delayed to address a shortfall in the current fiscal year but was much smoother than a year ago, when there was an impasse over Whitmer’s unsuccessful proposal to raise fuel taxes to fix the roads. L’Anse, MI 49946, 906-524-7444 Talking about budget numbers and deficits in the ... and a dramatic reduction in state revenue sharing. One way consumers and families are protecting themselves from these attacks is by using an identity theft protection service. For example, provinces or states may share revenue with local governments, or national governments may share revenue with provinces or states. The following links are intended as a means to provide transparency and accountability to citizens regarding the municipal budget and finances. By using this site you agree to our use of cookies. (AP Photo/David Eggert, File), Connect with the definitive source for global and local news. Overall, the $1.3 billion-dollar appropriation is a 2.8 percent, or $36.1 million, increase over the 2018 budget. Follow David Eggert at https://twitter.com/DavidEggert00, FILE - In this Jan. 30, 2020, file photo, Senate Majority Leader Mike Shirkey, R-Clarklake, right, and House Speaker Lee Chatfield, R-Levering, left, speak at the Michigan Capitol in Lansing, Mich. Michigan lawmakers moved Wednesday, Sept. 23, 2020, to pass a $62.7 billion budget that would keep spending flat thanks to a federal rescue and avoid major cuts that had been feared due to the coronavirus pandemic. In an effort to help the people and businesses in Baraga County, we have included a link to some great information about identity theft. Audit. Gretchen Whitmer for her expected signature. Mortgage Banking, Consumer, and Specialty Finance, Senior Living Development Consulting (Living Forward), Five tax-planning ideas for businesses to consider before year end, 2020 year-end tax guide: Tax planning in unprecedented times. Share this: Twitter; Facebook; LinkedIn; Print; Posted in Federal, Grant Opportunity, Legislative Link Articles, Municipal Finance, Revenue sharing, Stimulus … The following links are intended as a means to provide transparency and accountability to citizens regarding the municipal budget and finances. Laws determine the formulas by which revenue is shared; the units that receive the money are free from most controls by the granting unit, and the receiving … Departments will trim a total of $250 million, largely through reductions in the multibillion-dollar Medicaid budget that will not directly affect services, said state spokesman Kurt Weiss. Michigan’s broken municipal financing model is almost a cliché. Revenue sharing is a somewhat flexible concept that involves sharing operating profits or losses among associated financial actors. The following resources is intended to help those in Baraga County learn more about this type of service. The state has once again budgeted $6.2 million for “supplemental CVTRS” payments in FY 2019 but added a requirement that funds must be used to pay down debt, pension, or OPEB. Sales tax projections are revised throughout the year, and Plante Moran will continue to share this information as it becomes available. Wealth Management. He can be reached at 517-908-0304 and chackbarth@mml.org. Also, federally funded stimulus checks, supplemental unemployment benefits and forgivable loans to businesses have been credited with lessening the economic pain from virus-related shutdowns. Districts with increased enrollment will receive even more. 517-335-0155. Revenue sharing, a government unit’s apportioning of part of its tax income to other units of government. The FY 2019 budget recommendation includes $1.3 billion for revenue sharing, broken down as follows: In order to receive the CVTRS payments in FY 2019, qualified local units will once again need to comply with the same best practices as last year: The amount budgeted for distressed CVTRS has been reduced from $5 million in 2018 to $2.5 million in 2019. This one-time payment will be distributed to all counties at a rate of 0.4627 percent of full funding under the Glenn Steil State Revenue Sharing Act. In the $45.1 billion general budget, the governor and lawmakers agreed to restore funding she had vetoed in March to save money due to the pandemic.
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