The Fire Fighters and Police Officers Retirement Act (Act 345 of 1937) allows for a retirement plan for police officers and firefighters and also authorizes a funding source. What is Act 345, what does it do, and why does it matter?
Michigan State University Extension launches Center for Local Government Finance and Policy to work with communities to improve fiscal health.
Paper argues that Michigan should build fiscal scorecards for school districts using a number of readily available economic and environmental indicators.
In response to financial challenges, county governments have adjusted spending and tried to maintain both critical public services and a reasonable level of reserves.
Michigan City governments have experienced significant revenue shortfalls since 2008. In response, they have cut spending in areas such as city council offices and other general government functions while sparing public safety from the harshest cuts.
As the Detroit bankruptcy proceeds, a critical question is how much is at stake and what do Detroit pensioners stand to lose in the process?
Region is compared to four similar regions in U.S. using a series of benchmarks. Results indicate high spending on public safety, low spending on infrastructure and significant fiscal challenges for Lansing.
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