For fiscal year (FY) 2016, the Legislature continued the City, Village, and Township Revenue Sharing (CVTRS) program. Each eligible local unit must meet all of the requirements of Accountability and Transparency in order to receive the full CVTRS payments.
A city, village, or township is eligible to receive 100% of its eligible payment, according to Section 952 of 2014 PA 252. Therefore, if a city’s, village’s, or township’s FY 2010 statutory payment was greater than $4,500, the local unit will be eligible to receive a “Percent Payment” equal to 78.51044% of the local unit’s FY 2010 statutory payment. If a city’s, village’s, or township’s population is greater than 7,500, the local unit will be eligible to receive a “Population Payment” equal to the local unit’s population multiplied by $2.64659. Cities, villages, or townships that had a FY 2010 statutory payment greater than $4,500 and have a population greater than 7,500 will receive the greater of the “Percent Payment” or “Population Payment”.