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Municipalities May Face Cuts in State Revenue Sharing |
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As reported by Michigan Radio, the Michigan legislature may decide to "share" less state sales tax revenue with municipalities when creating the state's next budget. While Michigan's Constitution guarantees that part of the state sales tax revenue is given to local governments, the legislature "shares" an additional amount. That amount has decreased by more than 50% from its peak. More information about the history of revenue sharing and what a reduced amount could mean for municipalities is available at Michigan Radio.
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