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Local Community Stabilization Authority (LCSA)

February 2021 Local Community Stabilization Share (LCSS) Distribution

On February 20, 2021 the Local Community Stabilization Authority distributed more than $55 million of local community stabilization share (LCSS) revenue to cities, villages, counties, community colleges and other local governments. Municipalities should record the revenue in account 573, Local Community Stabilization Share Tax. Schools should record the revenue in revenue major class code 321, suffix 0000.

The LCSA is only responsible for the distributions so we cannot answer questions regarding calculations. Please visit the Michigan Department of Treasury’s Personal Property Tax Reimbursements webpage at www.michigan.gov/pptreimbursements for information regarding calculations. Please contact the LCSA at contact@lcsami.gov if you have questions regarding the distribution of local community stabilization share revenue.

2020-2021 Proposed LCSA Annual Budget

A public hearing is scheduled for 1:00 p.m. on Friday, September 11, 2020 at a regular meeting of the authority council of the Local Community Stabilization Authority (the “Authority”) to be conducted via live Zoom Webinar under Executive Order 2020-154 unless otherwise amended by future Executive Orders issued by the Governor Gretchen Whitmer. The purpose of this public hearing is to discuss the adoption of the budget for the Authority for its 2019-2020 fiscal year.

Specific instructions for public participation via a webinar will be posted on the LCSA’s website.

The meeting will be held in compliance with the Open Meetings Act, 1976 PA 267, as amended, MCL 15.261 to 15.275. A copy of the proposed budget is available for public inspection at:

Dykema
201 Townsend St, #900
Lansing, MI 48933

and online:

2020-2021 Proposed LCSA Annual Budget

THE PROPERTY TAX MILLAGE RATE PROPOSED TO BE LEVIED TO SUPPORT THE PROPOSED BUDGET WILL BE A SUBJECT OF THIS HEARING*

*Note: This notice is printed in compliance with 1963 ( 2nd Ex Sess) PA 43, as amended, MCL 141.411 to 141.415. The Authority is not authorized to levy
property taxes.