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Reimbursement for Local Gov’ts

The Michigan Senate has given final approval to a package of bills that change how local governments will be fully reimbursed for revenue lost from the phase out of the state’s personal property tax on business. The legislation is needed for local governments, especially those heavily dependent on revenue from manufacturing plants and the like. The bills include language that guarantees full reimbursement to communities. Earlier legislation fell short of full reimbursement. The bills now go to the governor, who is expected to sign it into law.

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