Image Image Image Image Image Image Image Image Image

News and Information

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

In accordance with Sec. 920. (3) of 2017 Public Act 107, the Local Community Stabilization Authority is distributing this Written Notice to LCSA (Sec. 920(2) of 2017 PA 107).

February 2018 Local Community Stabilization Share (LCSS) Distribution

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.