Inside208

New State Fiscal Year Brings Treasury Grant Opportunities

Posted on October 9, 2018 by Dene Westbrook

With the start of the state’s 2018-19 fiscal year last week, two grant opportunities within Treasury are again available to local units:

The Financial Data Analytic Tool Reimbursement Program is intended to partially reimburse cities, villages, townships, counties, and regional councils of government, up to 50% of the costs, for financial forecasting and transparency reporting tools acquired through State approved vendors (Munetrix or Forecast5).  Treasury has approximately $800,000 to distribute to local governments under this grant program.

All cities, villages, townships, counties, and regional councils of government that enter into an agreement, on or before December 1, 2018, with one of the Michigan Department of Technology, Management and Budget approved financial data analytic tool vendors are eligible for up to 50% reimbursement under the Financial Data Analytic Tool Reimbursement Program.

Additional information on this program and grant applications will be available through this link.

 

The Financially Distressed Cities, Villages and Townships Grant Program is also accepting applications for the new fiscal year.  Treasury has $2.5 million available to provide grants to financially distressed cities, villages, or townships with one (1) or more conditions that indicate probable financial distress. Grant funding is to be used to pay for specific projects or services that move the city, village, or township toward financial stability.

Municipalities interested in applying for an award must submit applications to Treasury by 11:59 p.m. on Wednesday, November 21, 2018.  The grant application can be found through this link.

Chris Hackbarth is the League’s director of state & federal affairs. He can be reached at 517-908-0304 and chackbarth@mml.org.

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