Introduced
by
To revise a formula in the Revenue Sharing Act so that in Fiscal Year 2006-2007 each city, village, and township would receive the same combined total of statutory and constitutional revenue sharing payments that it received during FY 2004-05. The bill also would provide for adjustments to the way payments are calculated should state sales tax collections fall below the forecasted levels.
Referred to the Committee on Appropriations
Reported without amendment
With the recommendation that the bill pass.
Passed in the Senate 31 to 6 (details)
Passed in the House 94 to 12 (details)
To revise a formula in the Revenue Sharing Act so that in Fiscal Year 2006-2007 each city, village, and township would receive the same combined total of statutory and constitutional revenue sharing payments that it received during FY 2004-05. The bill also would provide for adjustments to the way payments are calculated should state sales tax collections fall below the forecasted levels.
