Friday, December 30, 2011

Bay City and Bay County finish consolidation plans to get piece of state revenue sharing

With millions of dollars in state revenue funding at stake, local governments are moving quickly to ensure they get a piece of the pie. Both Bay City and Bay County officials have completed the second-part of a three part plan set forth by Gov. Rick Snyder in order to cash in on state revenue sharing for 2011-2012 fiscal year. Bay City stands to get $1.2 million in statutory revenue sharing, while Bay County could get about $700,000. As part of reform announced earlier this year, Snyder required municipalities to participate in economic vitality incentive program in order to receive the statutory revenue sharing. The program includes increased transparency to citizens, benchmarking successes, consolidating services and pension reform.

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