Budget and Finance
The COVID-19 pandemic has caused significant fiscal challenges for many local governments, including costs associated with response to the pandemic, loss of revenue, and budget challenges going forward. The resources on this page, from Michigan State University Extension and other organizations, will help local governments navigate these challenges and stay up to date on the latest budget and finance information.
In partnership with the University of Michigan Center for Local, State, and Urban Policy (CLOSUP), this resource includes Ideas and tools to help local governments strategically navigate the new fiscal landscape brought on by the COVID-19 pandemic. Access the full strategy guide here, with topics including:
- Capital Spending During an Economic Crisis
- How to Enhance Liquidity During a Crisis
- Strategies for Short-Term Cash-Flow Borrowing
- Planning for Reduced Operating Expenses
- Will Property Taxes be Immune to the Effects of COVID-19?
- Assessing Collaborative Readiness
- Regionalizing Services
Webinars From Our Partners
COVID-19 Updates and Resources for Local Governments - Michigan Department of Treasury webinar featuring a Michigan economic forecast, FEMA update, an update on the state budget practice, and best practices for planning for reduced operating expenses and budgeting in a time of uncertainty.
How the COVID Crisis has Affected State and Local Budgets - Presentation from Dr. Eric Scorsone on implications for state and local revenue collection and budgeting in both FY20 and FY21. Slides currently available. Video link will be added once it is posted.
News, Updates, and Other Resources
Government Finance Officers Association Resource Center for Coronavirus Response - Information and resources from the GFOA related to budget and finance questions resulting form the COVID-19 pandemic.
Michigan Department of Treasury State and City Income Tax Deadline Change - Frequently asked questions regarding Executive Order 2020-26, which pushes all April 2020 state and city income tax filing deadlines in Michigan to July 2020.
National Association of Counties Analysis of the Third COVID-19 Supplemental: The Coronavirus Aid, Relief, and Economic Security Act - Summary and analysis of the $2 trillion emergency legislation known as the CARES Act, including a summary of key provisions and funding for county governments to assist county efforts with the coronavirus.