City, Village and Township Revenue Sharing (CVTRS) Program

For fiscal year (FY) 2015, the legislature established the City, Village, and Township Revenue Sharing (CVTRS) program (a simplified version of the Economic Vitality Incentive Program (EVIP)). Each eligible local unit must meet all of the requirements of Accountability and Transparency in order to receive the full CVTRS payments.

Accountability and Transparency

Under the City, Village, and Township Revenue Sharing (CVTRS) program, all cities are required to make public a Debt Service Report and Projected Budget Report. To view the City of Richmond's Debt Service Report please CLICK HERE (this will download an Excel spreadsheet). To view the Projected Budget Report please CLICK HERE.

TIFA Plans

As a means to enhance economic growth in local communities, the Michigan State Legislature enacted the Tax Increment Financing Act, Public 450 of 1980, as amended.  To view information on the City’s TIFA including all information required under Public Act 57 of 2018, please click here. 

Title VI Plan

On May 20, 2013, the Richmond City Council approved the City of Richmond's Title VI Non-Discrimination Plan. The City of Richmond serves all people of the State of Michigan, including minority populations, low-income populations, the elderly, persons with disabilities, and those who traverse the state of Michigan. The City of Richmond recognizes its responsibility to provide fairness and equity in all of its programs, services, and activities, and that it must abide by and enforce federal and state civil rights legislation. To view the City of Richmond's Title VI Plan please CLICK HERE.