Michigan revenue sharing projections
WebRevenue Sharing Overview Revenue sharing programs make State payments to cities, villages, townships, and counties. In FY 2024-23, the appropriations for revenue sharing … WebJun 5, 2024 · Constitutional revenue sharing payment estimates depend on projections of sales tax collections for a given state fiscal year. Current estimates reflect a decrease of 11 percent in sales tax revenue for the state’s current fiscal year ending September 30, while total constitutional revenue sharing payments are expected to decrease by 2.2 percent.
Michigan revenue sharing projections
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WebThis document provides detailed estimates of revenue sharing payments to cities, villages, and townships for FY 2009-10 under current law and FY 2010-11 as per HB5880 (H-2) as passed the House of Representatives. Revenue Sharing Payments to Counties for FY2009-10 and FY2010-11 (HB5880 H-2) [75K], March 26, 2010. Prepared by Jim Stansell. Web1502 Michigan National Tower * Lansing, Michigan * 48933-1738 * (517) 485-9444 * Fax (517) 485-0423 * E-Mail [email protected] MICHIGAN’S UNRESTRICTED REVENUE SHARING PROGRAM: RETROSPECT AND PROSPECT September 2000 Report No. 330 The Citizens Research Council of Michigan revenue sharing project was underwritten by the …
WebCity, Village, and Township Revenue Sharing . Fiscal Year 2024 . Detailed Guidance . City, Village, and Township Revenue Sharing (CVTRS) Program . ... The Michigan Department of Treasury’s (Treasury) website has templates available which cities, ... An explanation of the assumptions used for the projections WebFeb 18, 2024 · The City presented FY2024 General Fund recurring revenues projected at $1.087 billion for the current fiscal year ending June 30, up $23.8 million (2.2%) from the previous conference estimate in September 2024. The increase is driven by stronger income tax collections and State Revenue Sharing from sales taxes.
WebCounty payments are based on a county's Revenue Sharing Reserve Fund (RSRF) balance and the FY 2024 appropriation act. Eligible counties may receive a prorated share of the … 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 …
WebMar 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 …
WebJan 13, 2024 · The higher-than-expected tax revenue projections could trigger an automatic cut in Michigan's personal income rate from 4.25% to 4.05%, or somewhere within that range, under a 2015 law, according ... trevisana shreddedWeb44 minutes ago · BRISTOL, Va. — The Bristol Casino generated more than $13.8 million in adjusted gross revenues from slots and table games in March, the Virginia Lottery stated Friday in a news release. The AGR ... trevisan anthonyWebMar 6, 2024 · Revenue Sharing Projections are calculated in the same manner as an actual monthly distribution except that the total dollar amount projected for distribution is … tenders five pointsWebMay 20, 2024 · 8qlw /rfdo 8qlw 1dph7\sh &rxqw\ 5hyvkduh &rgh&rqvw 7rwdo&9756 &rqvwlwxwlrqdo dqg &9756 5hyhqxh 6kdulqj 3d\phqwv)< $fwxdov dqg )< 3urmhfwlrqv … tenders feastWebTotal Actual and Estimated State Revenue Sharing Payments FY 2013 - 2024 updated February 28, 2024 Contact Information Revenue Sharing and Grants Division Phone: 517-335-7484 Fax: 517-335-3298 Email: [email protected] pdf Total Actual and Estimated State Revenue Sharing Payments FY 2007 – … tenders financeWebMichigan’s major taxes and net lottery revenue totaled $2.1 billion in March 2024, down 21.5% from March 2024. March 2024 tax collections were approximately $104.5 million below the Senate Fiscal Agency’s projection for the month, based on the consensus revenue estimates adopted in January 2024. trevisan asoloWebSep 13, 2024 · General Fund recurring revenues for FY2024, which begins July 1, are now forecasted at $1.214 billion, an increase of $27 million (2.3%) over the revised FY2024 estimates. The projected increase is driven by income taxes, as the local economy continues to recover and grow. tenders for cleaning services