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News and Information

28 Mar

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Written notice of the potential for adjustments in personal property tax reimbursement payments

March 28, 2019 | By |

The Local Community Stabilization Authority is distributing the written notice prepared by department of treasury under Section 920(2) of 2018 Public Act 207.

28 Mar

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METRO Act Annual Reports are due no later than April 29

March 28, 2019 | By |

Please download the Municipality Annual Report template and submit the completed report no later than April 29.

20 Feb

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February 2019 Local Community Stabilization Share (LCSS) Distribution

February 20, 2019 | By |

On February 20, 2019, the Local Community Stabilization Authority is distributing more than $52 million of local community stabilization share (LCSS) revenue to more than 1,600 municipalities, school districts, and intermediate school districts. 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.