In late June, Michigan passed a bipartisan $81.7 billion budget for Fiscal Year 2024, which included $26.7 million to provide a 5% increase in statutory revenue sharing to counties, cities, townships and villages. This is great news for local governments which have often felt slighted by Michigan’s fractured municipal finance system.
However, the press release proclaiming budget victory contained only a single sentence on the revenue sharing increase (See “Gov. Whitmer Applauds Passage of ‘Make it in Michigan’ Budget,” press release, Executive Office of the Governor, (June 28, 2023), https://rb.gy/ikv21.)
As always, the devil is in the details. In this case, the details could leave some communities scrambling to obligate millions of dollars in federal funding before year end.
By: BridgeTower Media Newswires//August 10, 2023
By Brandon M. Grysko