Darnell Earley asks Gov. Rick Snyder to share portion of state's $457 million surplus with Saginaw

Saginaw Manager Darnell Earley is making a plea. In a three-page, single-spaced letter addressed to Gov. Rick Snyder, Earley asked the state’s head executive to restore Saginaw's state revenue sharing to the fiscal year 2011 level for at least two years. The state recently experienced and unexpected $457 million surplus. Earley projects state funding will decrease $2.12 million this year from the prior, based on the disbursement formula and new population levels. “This is a substantial decrease, especially given the fact that the entire city general fund is approximately $33 million,” Earley said in the letter. He said the impact on Saginaw is substantial because of its one-of-a-kind 1979 tax cap that limits property tax revenue to $3.8 million or 7.5 mills.

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