Local officials fear final end of personal property tax

Capital News Service
LANSING – Local governments across northern Michigan would face more budget cuts because of a personal property tax proposal passed by the Senate and awaiting House action. The proposal would exempt businesses from taxes on personal property like machines, desks and supplies. Local governments rely on the personal property tax to finance public services. Josh Reid, who chairs the Gladwin County Board of Commissioners, said he is not confident that the state will make up the loss if the proposal becomes law. “We have zero confirmation there will be replacement revenue,” he said.