Municipal Finance Archives - Page 7 of 32

April 1, 2020

State Treasury Audit and Financial Reporting Extension Option

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…

March 26, 2020

$2 Trillion Federal Stimulus Bill Headed To President

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…

February 27, 2020

Treasury Announces Next Round of Best Practice Trainings

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…

February 7, 2020

Whitmer Administration Pitches FY21 Budget Proposal

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…

February 4, 2020

Registration now open for the Great Lakes Water Infrastructure Conference

Registration is now open for the 2020 Great Lakes Water Infrastructure Conference, a first-of-its-kind regional conference hosted by the Michigan Department of Environment, Great Lakes, and Energy (EGLE). The conference will focus on the water infrastructure challenges faced by the Great…

December 13, 2019

Legislature Officially Hits Halfway Mark of Term

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…

October 18, 2019

First Portion of 2019 PPT Reimbursement Payments Distributed

Michigan's Local Community Stabilization Authority (LCSA) distributed over $170 million to more than 2100 local units of government and authorities today as reimbursement for eligible manufacturing personal property loss under the state's new Personal Property Tax reimbursement system. Today's reimbursement…

October 18, 2019

Treasury Releases Capped Value Inflation Rate for 2020

The Michigan Department of Treasury recently released the Headlee Millage Reduction Fraction inflation rate multiplier for 2020, capping property value growth to 1.9% for the coming year, a drop from the current 2.4% inflationary growth allowance. This continues a trend…

October 1, 2019

State Budget Battle Goes Into Overtime

As expected, following the Legislature's movement of budget bills that the Administration had not signed off on, Governor Whitmer responded aggressively to the legislative spending proposal by issuing 147 separate line items vetoes within the 16 departmental budget bills she signed. …

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Category Archives: Municipal Finance

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