Stock Under $10 with 50-100% upside potential - 14 Days FREE!

Another Hit To County Government





LANSING, Mich., Feb. 7, 2013 /PRNewswire-USNewswire/ -- Gov. Snyder presented his Fiscal Year 2014 budget today with a guaranteed funding increase for cities, villages, and townships (CVTs), while again disproportionately cutting revenue sharing to county government.

"It's disappointing that the state continues to punish counties by consistently cutting their revenue sources," said Thomas Bardwell, President of the Michigan Association of Counties ( M.A.C.) Board of Directors.  "What they fail to realize is that counties cannot continue to provide all the services the state mandates if there is no funding for those services."

Ignoring the statutory commitment to fund counties at the level required has become a habitual practice for the state.  Counties are already stretched to their financial limit, making it difficult for them to pay for the multitude of state mandated services including the courts, jails, 911, indigent defense, sheriffs, constitutional officers, elections and the public health system. 

CVTs have been provided a 4% budget increase, and though it appears that funding for counties remains flat compared to last year, three additional counties are scheduled to come back into the revenue sharing formula this year, which current funding levels do not account for.

Counties have saved the state more than a billion dollars since 2005 when they gave up revenue sharing temporarily.  This was in an effort to help the state with its budget problem, and the state promised a return of that funding once reserves were depleted.  Counties will continue to help the state budget until the final county exhausts its reserve account well past the year 2020.  

The current model of mandating counties to deliver services on behalf of the state government without paying for those services is unsustainable.  Counties look forward to working with the governor and the legislature to make sure that mandated services are funded.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
TRY IT FREE

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
Dividend Stock Advisor
TRY IT FREE
New! $49.95/yr

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREE

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Real Money
TRY IT FREE

24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.

Product Features:
  • Jim Cramer + 20 Wall Street pros
  • Intraday commentary & news
  • Real-time trading forum
  • Actionable trade ideas
Real Money Pro
TRY IT FREE

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass + 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
TRY IT FREE

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 15,475.71 88.13 0.57%
NASDAQ 3,511.38 9.26 0.26%
S&P 500 1,677.23 8.07 0.48%
US 10 Yr 2.017% +0.073

Brokerage Partners

Advertising Partners
Special Features

Free Newsletters from TheStreet

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy. Manage Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs