MI HB6024

Authorizes local units of government (counties, townships, villages, cities) to create special assessment districts beginning January 1, 2016, to fund essential services equipment and provision of ambulance, fire, police, and jail services.

Levies special assessments on industrial and commercial real property within the district, calculated based on the loss of personal property tax revenue from exemptions granted under sections 9m, 9n, and 9o of the general property tax act.

Requires public hearings and notice before creating a special assessment district, with boundaries coterminous with the local unit of government, and assessments collected at the same time as the July property tax levy.

Allows local units of government to issue bonds or other obligations in anticipation of special assessment collection, subject to the revised municipal finance act, with optional voter approval to pledge full faith and credit.

Takes effect only if House Bill 6026 is approved by voters at the August 2014 election; exempts special assessment creation and levy from local charter referendum requirements.