Inside 208

Late yesterday, the Michigan Department of Treasury circulated the following email to local units of government requesting feedback on potential cash flow concerns local governments may be anticipating based upon current state and local economic conditions. The Michigan Finance Authority (MFA) provides effective, low-cost options for financing to municipalities. MFA...

In working with our partners at the National League of Cities, there has been a flurry of activity this week on the implementation efforts surrounding the recently passed CARES act and new federal proposals to address some of the shortcomings for local governments within the federal stimulus efforts and promoting...

Following the lead of our partners at the National League of Cities, MML staff have been reaching out to Treasury Secretary Mnuchin and members of Michigan's congressional delegation requesting flexibility as Treasury develops guidance on "necessary expenditures" related to the authorized use of Coronavirus Relief Funds within the recently passed...

The Bureau of Elections released the following information last night for local units of government to request reimbursements for their costs related to the March Presidential Primary election.  The Governor recently signed Senate Bill 151, a supplemental appropriation that included $14 million to cover the costs of the March election. ...

The Michigan Department of Treasury sent the following reminder yesterday to local units of government that may need to request filing extensions for any upcoming F-65 audit or other fiscal year-end filing requirements… The Uniform Budgeting and Accounting Act (Public Act 2 of 1968 ) and the Revised Municipal Finance...

The US Senate passed H.R. 748, the CARES Act, Wednesday night and the House voted Friday to send the bill to the President.  The bill appropriates more than $2 trillion as an economic stimulus effort in response to the COVID-19 pandemic. Within the final proposal, a $150 billion stabilization fund...

The League received the following background and schedule from MI Treasury staff earlier this week: The Fiscally Ready Communities team is excited to announce our training schedule for 2020! This year we will be doing one Financial Best Practices Overview that was offered in 2019 and a brand new more...

In addition to the League's official media statement in response to the Governor's budget presentation yesterday, here are some of the more critical details for League member communities: The Governor's Fiscal Year 2020-21 budget utilizes $11 billion in General Fund dollars, just barely higher than the $10.7 billion spent in...

With the voting this week, the Legislature officially wrapped up their activity for the year and reached the halfway point of the 2019-2020 legislative term.  The House and Senate are now on recess until January 8th.  All bills introduced in 2019 continue to remain eligible for action until the end...

The state’s Office of Global Michigan under the Michigan Department of Labor and Economic Opportunity has been working with non-profits organizations and local communities to provide guidance and sample documentation for any communities wishing to support the placement and resettlement of refugees.  This work is being done in light of...