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City, Village, and Township Revenue Sharing (CVTRS)
County Incentive Program (CIP)


Description

CVTRS:
For fiscal year (FY) 2015, the legislature established the City, Village, and Township Revenue Sharing (CVTRS) program (a simplified version of the Economic Vitality Incentive Program (EVIP)). Each eligible local unit must meet all of the requirements of Accountability and Transparency in order to receive the full CVTRS payments. A Consolidation of Services Plan and an Unfunded Accrued Liability Plan are not required under the CVTRS program.

If a city's, village's, or township's FY 2010 statutory payment was greater than $4,500, the local unit will be eligible to receive a "Percent Payment" equal to 78.51044% of the local unit's FY 2010 statutory payment. If a city's, village's, or township's population is greater than 7,500, the local unit will be eligible to receive a "Population Payment" equal to the local unit's population multiplied by $2.64659. Cities, villages, or townships that had a FY 2010 statutory payment greater than $4,500 and have a population greater than 7,500 will receive the greater of the "Percent Payment" or "Population Payment".



CIP:
For fiscal year (FY) 2015, the County Incentive Program (CIP) was simplified. Each eligible county must meet all of the requirements of Accountability and Transparency in order to receive the full CIP payments. A Consolidation of Services Plan and an Unfunded Accrued Liability Plan are not required under the CIP. County payments are based on a county's revenue sharing reserve fund (RSRF) and applicable law. Eligible counties may receive a prorated share of the amount appropriated for distribution.

Payment Requirements

Accountability & Transparency




Public Acts

Coming Soon



Archive Information

Archive


Contact

Office of Revenue and Tax AnalysisPhone: 517-373-2697
Fax: 517-335-3298
Email: TreasRevenueSharing@michigan.gov

http://www.michigan.gov/revenuesharing

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