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03 Jun

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2024 Metro Act – update on 2023 distribution correction

June 3, 2024 | By |

Communities receiving Metro Act distributions received a letter dated July 27, 2023, regarding an error in the May 2023 distribution of Metro Act funding. Some of the errors were corrected during the 2023 calendar year, most of the errors were to be adjusted with the May 2024 payment. This LINK TO 2024 Metro Act PAYMENTS provides the 2024 distribution amount, 2023 correction amount, and the 2024 payment amount. Municipalities who received a correction in the 2024 payment will receive a letter in June 2024 from the LCSA detailing the correction.

03 Jun

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2024 Metro Act Distribution

June 3, 2024 | By |

The 2024 Metro Act Distribution has been processed. Municipalities should receive ACH or Michigan Class direct deposit on or about May 31, 2024. Those municipalities who choose to be paid by check will receive their payment via mail shortly after that date.

17 Oct

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October 2019 Local Community Stabilization Share (LCSS) Distribution

October 17, 2019 | By |

On October 18, 2019, the Local Community Stabilization Authority is distributing more than $237 million of local community stabilization share (LCSS) revenue to more than 1,100 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.