Governor Rick Snyder is scheduled to hold a press conference at 9:30 this morning in Grand Rapids where he will go over his plan for local government reforms.
Local government budgets have been squeezed ever since the housing bubble burst and revenues from local taxes have been dwindling. On top of that, revenue sharing from the state has been trimmed and Governor Snyder is proposing more potential cuts.
Crain's Detroit Business reports the Governor will go over his proposed cuts along with a $200 million incentive-based revenue sharing program:
Gov. Rick Snyder on Monday morning is slated to present his outline for local government reforms...The message has been highly anticipated. Snyder has said his goals include encouraging service sharing and best management practices in municipalities, through incentives in state revenue-sharing.
His proposed fiscal 2012 budget calls for eliminating about $300 million in statutory revenue-sharing payments for cities, villages and townships and replacing it with a $200 million incentive-based revenue-sharing program.