Michigan adds a Smart Zone

Saturday, October 09, 2004

Michigan has authorized Lansing to establish a "Smart Zone". The legislation, signed by the governor last week, enables local leaders to dedicate property tax dollars to technology improvements within the district.

Michigan has ten other Smart Zones. The size of each zone varies. A governing board determines the size of the zone and the amount of tax money to be redirected out of public coffers and into the Smart Zone fund.

On average, the state's other Smart Zones capture 2.7 percent of the overall assessed property value in the zone.Read more.

Learn more about Smart Zones.

posted by Ed Morrison |

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