What is the difference between Constitutional vs. statutory revenue sharing?
  • Constitutional Portion: As the name suggests, this portion is guaranteed in the Michigan Constitution. It allocates a portion of the state sales tax to local units of government and is distributed on a per capita basis using the last decennial census to determine population.
  • Statutory Portion: This component is provided for by legislative action. The legislature has allocated an additional portion of the sales tax to be distributed to the local units, in lieu of the income and single business taxes no longer being collected. As of October 1, 1996, state-shared revenues are distributed to local units in 6 bimonthly payments.

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1. Does Canton have a budget?
2. What are the major funds?
3. Can funds be transferred between funds for operating purposes?
4. How is the Finance Department different from the Treasurer?
5. Describe the budget approval process.
6. What is an Annual Finance Report?
7. Do all communities create a Comprehensive Annual Financial Report...how many do?
8. How many years has Canton prepared a Comprehensive Annual Financial Report?
9. When and how does Canton borrow money?
10. What is Canton's allocation of local property taxes?
11. What are enterprise activities?
12. How is the sewer and water funds administered?
13. How is State of Michigan revenue sharing calculated?
14. What is the difference between Constitutional vs. statutory revenue sharing?
15. What is the allocation of property tax collections by fund?
16. What systems are used for the various Township functions?