FY 2014-2015 Budget: Hearings for the Fiscal Year 2014 -2015 Appropriations process continued last week with Chris Baldwin providing testimony on student success issues to the House Subcommittee. Next week, both the House and Senate Subcommittees will meet jointly at Monroe County Community College. That hearing will include an update on progress on the Michigan Colleges Online project, as well as testimony by Oakland Community College on workforce development programs, among other topics. As a reminder, more detailed summary documents on the executive budget recommendation are available on the MCCA website.
Personal Property Tax Reform: Last week saw introduction and committee passage of a package of bills that amend the personal property tax reforms passed in 2012. Senate Bills 821 – 830 call for 100% reimbursement for all taxing jurisdictions – including community colleges – based on a dynamic formula that gradually shifts from reimbursing for actual losses to funding the current location of industrial and manufacturing property. The State would cover reimbursements by shifting part of the Use Tax to a Local Community Stabilization Fund, paid for by expiring business tax credits and an Essential Services Assessment on exempt property. The bills, which have been met with widespread support by both the business community and local governments, are expected to pass the full Senate on Wednesday.