February 20, 2018 | By Local Community Stabilization Authority (LCSA) |
On February 20, 2018, the Local Community Stabilization Authority distributed more than $80 million of local community stabilization share (LCSS) revenue to more than 1,600 townships, school districts, and other local units of government that levy a millage in December. Municipalities should record the revenue in account 573 Local Community Stabilization Share. 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 us if you have questions regarding the distribution of local community stabilization share revenue.