Introduced
by
To allow counties to replace revenue ordinarily received from the state convention facility development fund and used for substance abuse treatment programs, with money from the “reserve funds” that were created as a replacement for state revenue sharing to counties, and which were funded by shifting forward the due-date for county tax collections imposed under <a href="http://www.michiganvotes.org/2004-SB-1111">Public Act 356 of 2004</a>. These “reserve funds” and the property tax acceleration were part of a deal to avoid spending cuts in the Fiscal Year 2005-2006 budget. The liquor and hotel tax revenues convention facility development fund money is not available because it was taken in a “fund raid” as part of a <a href="http://www.michiganvotes.org/2007-SB-436">deal</a> to avoid spending cuts in the FY 2006-2007 budget. Money in the convention fund comes from liquor and hotel tax revenues that were supposed to pay for debt service on Cobo Hall and other municipal convention facilities.
Referred to the Committee on Appropriations
Reported without amendment
With the recommendation that the bill pass.
Referred to the Committee on Appropriations
