This bill appropriates funds for state turnback to counties and municipalities for the fiscal year ending June 30, 2026. It allocates a total of $29,372,099 in general revenues to cities and $215,000,000 in special revenues to cities from the Municipal Aid Fund. Additionally, it provides $21,428,616 in general revenues and $230,000,000 in special revenues to counties from the County Aid Fund. The bill also includes provisions for unanticipated special revenues, with $15,000,000 allocated to counties and $10,000,000 to cities, as well as $300,000,000 for property tax relief to counties and $2,000,000 each for counties and cities from the Property Tax Relief Trust Fund.

The bill includes several insertions, such as the fiscal year number 2025-2026 and specific funding amounts for various appropriations. It also modifies the timeline for certain provisions, changing dates from 2024 to 2025 and extending the effective period for various sections through June 30, 2026. An emergency clause is included, stating that the act is necessary for the immediate preservation of public peace, health, and safety, and will take effect on July 1, 2025.