This week the Local Community Stabilization Authority (LCSA) will distribute nearly $244 million of Local Community Stabilization Share (LCSS) revenue to 91 tax increment financing authorities; 268 school districts and intermediate school districts; and 616 other municipalities. Local units of government should record the revenue in account 573, Local Community Stabilization Share (see Michigan Department of Treasury Uniform Chart of Accounts for Local Units of Government). Schools should record the revenue in revenue major class code 321, suffix 0000.
The Michigan Department of Treasury is responsible for the 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 firstname.lastname@example.org if you have questions regarding the distribution of local community stabilization share revenue.
On May 25, 2018, the Local Community Stabilization Authority Council approved the disbursement of $24.7 million of METRO Act maintenance fees to the 516 eligible cities and villages and 1,240 eligible townships. The Authority disburses the maintenance fees as follows:
On October 1, 2014, the powers, duties, functions, and responsibilities previously vested in the Metropolitan Extension Telecommunications Rights‐of‐Way Oversight (METRO) Authority under the Metropolitan Extension Telecommunications Rights‐of‐Way Oversight Act, 2002 PA 48, as amended, MCL 484.3101 to 484.3120 (the “METRO Act”) were transferred to and vested in the Local Community Stabilization Authority (the “Authority”).
Under the METRO Act, the Authority has the exclusive power to assess fees on telecommunication providers owning telecommunication facilities in public rights‐of‐way located within one or more cities, villages, or townships located, in whole or in part, within a county having a population of 10,000 or more or a city, village or township that enacts an ordinance or resolution electing to be classified as part of a metropolitan area under the METRO Act (each a “Metropolitan Area”).
Telecommunications providers are required to pay an annual maintenance fee under section 8 of the METRO Act. April 1 to March 31 is the annual period for the assessment of the maintenance fees, which are due each year by April 29.