SB 0559
State management: funds; revenue sharing trust fund; create. Amends 2000 PA 489 (MCL 12.251 - 12.262) by adding secs. 11a & 11b. TIE BAR WITH: SB 0561'25, SB 0912'26
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- Passed Senate
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- To Governor
- Became Law
Bill overview
This bill creates a new state revenue sharing trust fund designed to distribute funds to cities, villages, and townships, as well as counties, in Michigan. Beginning in October 2025, the fund will be populated through sales tax revenue and donations. The state treasurer will then distribute money based on a formula considering taxable value, unit type population, and yield equalization, aiming to provide a more equitable distribution of state revenue across local government units. The bill also requires annual appropriations for the trust fund’s operation.
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