TITLE

Michigan Proposes Drop in Land Payments to Municipalities

AUTHOR(S)
Carvlin, Elizabeth
PUB. DATE
May 2003
SOURCE
Bond Buyer;5/28/2003, Vol. 344 Issue 31644, p32
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Governor of Michigan Jennifer Granholm's budget includes a proposal to lessen the amount state pays in lieu of taxes to counties and townships for the vast amount of land the state's Department of Natural Resources owns, a move that would lessen payments to local units of governments, including schools that use the funds to repay debt. The current proposal would eliminate the assessment for state-owned land, allowing Michigan to pay the swamp tax amount on all of its land. The state has proposed legislation to make the full payment this year for the amount it owes on its land, according to Greg Bird, a spokesman for the Office of Budget and Management.
ACCESSION #
9944963

 

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