News

Local Community Stabilization Board Meeting

The Local Community Stabilization Board will hold their regular meeting Friday May 15, 2020 at 1:00 pm. This meeting will be held electronically via live Zoom webinar. Please click HERE for the link to join the meeting, view the detailed instructions and the agenda.

METRO Act Annual Reports are due no later than April 29

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

February 2020 Local Community Stabilization Share (LCSS) Distribution

On February 20, 2020, the Local Community Stabilization Authority distributed more than $39 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.