House Committee Considers Budget Stabilization Fund Increase
By: Dene Westbrook,
September 13, 2013
By: Dene Westbrook,
September 13, 2013
Yesterday the House Local Government Committee heard testimony on HB 4194, a bill that would allow a local unit of government to increase the percentage in its budget stabilization fund from 15 to 20 percent.
The committee did not vote on the legislation, but I anticipate additional hearings in the coming weeks.
Samantha Harkins is the Director of State Affairs for the Michigan Municipal League. She can be reached at 517-908-0306 or email at [email protected]