Municipal Finance Archives - Page 2 of 32

November 18, 2021

Treasury Announces 2022 Inflation Rate Multiplier

The State Tax Commission announced the 2022 inflation rate multiplier to be used in the capped value formula and for the Headlee Millage Reduction Fraction formula. For the coming year, that inflation value is set at 3.3%. This is the…

September 30, 2021

Governor Signs State Budget – Local Governments See Numerous Wins

Update: View excel spreadsheet detailing bridge appropriations. The conference reports on Senate Bill 82 and House Bill 4400 were signed yesterday, one week after the Legislature sent the record-setting state spending plan for Fiscal Year 2021-22 to her desk. This…

September 1, 2021

New Info Coming From MI Treasury on ARP Dollars for NEUs

The Michigan Department of Treasury recently provided an update to League staff on their continuing efforts to distribute the $322 million, first-year tranche of American Rescue Plan dollars designated for Michigan municipalities that are designated as Non-Entitlement Units. These dollars…

July 2, 2021

Non-Entitlement Units Can Prepare Their ARP Allocation Requests

This morning, the Michigan Department of Treasury finalized the necessary forms and guidance to assist Michigan's 1,724 "non-entitlement units", eligible for American Rescue Plan funding on a per capita basis, to submit their requests to receive their eligible distributions. This…

June 17, 2021

How Much is Your Community Receiving from the American Rescue Plan Support? View List Here

This is a newly released web page by the Michigan Department of Treasury providing American Rescue Plan guidance to Michigan communities. The list is finally here! The long-awaited list of how much each Michigan community classified as a non-entitlement unit…

June 14, 2021

Michigan Municipal Leaders Urge Lawmakers to Support Compromise Short-Term Rental Legislation – VIDEO

The Michigan Municipal League is keeping the pressure on state legislators looking to prohibit local governments from regulating short-term rental issues by hosting a news conference (watch video here) on the issue Monday morning. We also continue to seek help…

June 9, 2021

Webinar on Federal Stimulus Scheduled for June 17

The Michigan Department of Treasury released the following agenda and registration details for their first webinar on the American Rescue Plan Act, aimed at offering the Department's initial guidance for implementing the ARP's Coronavirus Local Fiscal Recovery Funds. This webinar…

June 8, 2021

U.S. Department of Treasury Releases Additional FAQs on the Coronavirus State and Local Fiscal Recovery Funds

The League and our partners at the National League of Cities received the following information from US Treasury regarding the posting of 10 additional FAQs on the Coronavirus State and Local Fiscal Recovery Funds that are part of the American…

May 25, 2021

New ARP Guidance for “Non-Entitlement Units” Released

Monday evening, the US Treasury released guidance specifically related to the majority of Michigan communities that will receive American Rescue Plan Act funding on a per capita basis. For Michigan, these Non-Entitlement Units (NEUs), are scheduled to receive more than…

Inside208

Category Archives: Municipal Finance

10735