The Local Community Stabilization Authority (LCSA) announced the release of nearly $3.5 million of additional PPT reimbursements today. In October of 2015, 214 cities received over $15.7 million as reimbursement for operating losses due to the small taxpayer exemption from 2014 and 2015. Following a law change (HB 5176 – PA 124’16) to make a technical correction to the distribution formula, an additional $3.46 million is set to be distributed to those same eligible cities. Checks are set to be mailed today, June 2nd, 2016. The official notice from the LCSA can be read here – LCSA PPT Notice.June2016
Chris Hackbarth is the League’s director of state affairs. He can be reached at 517-908-0304