The State’s Fiscal Year 2015 budget includes grants for financially distressed cities, villages and townships. Applications for that program are now posted on the Department of Treasury’s website.
Any city or village currently experiencing at least one condition of “probable financial distress,” as enumerated in the Local Financial Stability and Choice Act passed in 2012 is eligible to apply for funding.
There is $8 million has been appropriated for the grant program this fiscal year, with a $2 million limit for each local unit of government. Applications must be submitted to Treasury by the close of business on Friday, October 31, 2014. For more information visit www.michigan.gov/revenuesharing.
Samantha Harkins is the Director of State Affairs for the Michigan Municipal League. She can be reached at 517-908-0306 or email at [email protected]