How is state of Michigan revenue sharing calculated?
The State Revenue Sharing program distributes sales tax collected by the State of Michigan to local governments as unrestricted revenues. The distribution of funds is authorized by the State Revenue Sharing Act, Public Act 140 of 1971, as amended (MCL 141.901). FUNDING: Funding for the State Revenue Sharing program consists of the following dedicated tax revenue: Constitutional – 15% of the 4% gross collections of the state sales tax Statutory – 21.
