HB 5903 Summary

• Appropriates funds for the fiscal year ending September 30, 2015 to supplement state departments and agencies, with initial gross appropriation of $0 pending other legislative action.

• Authorizes city, village, and township revenue sharing payments to eligible municipalities, with payments calculated at 78.51044% of amounts received under 2009 PA 128 or $2.64659 per capita for municipalities with populations exceeding 7,500, whichever is greater.

• Establishes county incentive program grants based on the difference between each county's revenue sharing reserve fund balance and calculated targets under the General Property Tax Act.

• Requires all eligible cities, villages, townships, and counties to produce and submit citizen's guides, performance dashboards, debt service reports, and projected budget reports by December 1 to receive payments, with payments distributed on the last business day of October, December, February, April, June, and August.

• Reduces revenue sharing payments by 1/12 per month for any city, village, township, or county failing to report to state police as required under the Uniform Forfeiture Reporting Act.

• Repeals Section 952 of Article VIII of 2014 PA 252 and takes effect only upon enactment of HB 5250.