Inside 208

Earlier today, the Governor signed Senate Bill 690, as expected. This $880 million spending bill is the first appropriation of the roughly $3 billion that the State of Michigan had been allocated under the Coronavirus Relief Fund established within the federal CARES Act stimulus plan from earlier this spring. As...

The Whitmer Administration and House and Senate leadership came to an apparent agreement this afternoon to begin spending more than $880 million of the state's allocation of federal CARES Act stimulus funding.  Senate Bill 690 had originally passed the Senate with approximately $600 million in spending from the roughly $3...

The House and Senate Fiscal Agencies and Treasury officials met this morning to determine the revised revenue estimates that will be used in developing the upcoming state budget and to make any needed adjustments to the current year state budget.  You can review the Consensus agreement here – https://www.house.mi.gov/hfa/Consensus.asp. As...

Earlier today our partners at the National League of Cities shared that negotiations between Congressional Republicans, Democrats, and Treasury Secretary Mnunchin on an interim stimulus proposal were coming to a head this weekend.  Speaker Pelosi and Senator Schumer continue to press for direct federal aid to states and all local...

Last night, our partners at the National League of Cities reached out asking for communities around the country to engage with their members of Congress to urge support for the passage of HR 6467. This bill provides direct federal aid to local governments around the country.  NLC has coupled this...

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...

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 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...

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...

The Local Community Stabilization Authority voted today to approve more than $27 million for nearly 60 municipalities that host state universities, prisons, or other large state buildings to help reimburse for costs related to fire protection services for those state facilities.  These grant distributions are scheduled to be delivered by...