MSU Extension Fiscal Management

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  Fiscal Management

  MSU Extension works to provide training to local elected leaders in Michigan’s 1,858 townships, villages, cities and counties; 608 school districts, 456 special purpose authorities, 14 multi-county regions, and 12 federally recognized tribal nations.

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  County Revenue Options

  Published on December 1, 2016
  Michigan counties have very limited revenue options other than the property tax. Additional revenue options provided to counties include general sales tax, motor fuel tax, alcohol, and tobacco tax.

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  Chapter 9 Bankruptcy: Simulation Exercise

  Published on December 12, 2016
  While not a cure for fiscal stress, Chapter 9 is a tool that a municipality may use to reset its financial course when all other methods fail. This paper identifies several lessons learned through a simulation exercise using live case data.

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  A Review of Michigan's Local Financial Emergency Law

  Published on May 10, 2017
  The paper outlines the four versions of local emergency manager law, and discusses pros and cons of PA 436 of 2012. It outlines four major alternatives to the way Michigan addresses local financial emergencies.

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  Developing an Early Warning System for Michigan's Schools

  Published on January 21, 2015
  This paper examines district deficit and predictors of distress in the proposed early warning system, finding a weak correlation. It suggests alternative fiscal measurements with stronger correlation.

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  Chapter 9: Municipal Bankruptcy

  Published on May 9, 2012
  Introduction to Chapter 9 municipal bankruptcy, including eligibility, requirements, creditor negotiation tests, the plan of adjustment, Chapter 9 vs. Chapter 11 and the advantages and disadvantages of filing for Chapter 9.

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  Flint Fiscal Playbook: An Assessment of the Emergency Manager Years (2011-2015)

  Published on November 11, 2015
  This case study seeks to understand the economic and fiscal trends that led to state receivership and analyzes the impacts of the emergency manager policy on the city’s fiscal health. It updates trends presented in a previous case study.

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  Knowledgeable Navigation to Avoid the Iceberg: Considerations in Proactively Addressing School District Fiscal Stress in Michigan

  Published on June 20, 2015
  This paper proposes a proactive, evidence-based financial health indicator system that may prevent many school districts from severe fiscal crisis. Fifty-seven Michigan school districts ended 2014 with a deficit or projected deficit.

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  A closer look at legacy costs and local actions in Michigan in the wake of PA 202

  Published on January 1, 2020
  Legacy costs have imposed challenges on local governments in Michigan. The lack of funding for retirement benefits, including pension and other postemployment benefits (OPEB) such as healthcare, affects the wellbeing of public employees.

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  The Lansing-East Lansing Metro Region Fiscal Scorecard

  Published on May 9, 2012
  This report analyzes the efficiency of the local governments in the Lansing-East Lansing metro region by comparing them to the governments in other similar metropolitan statistical areas (MSAs) throughout the United States.

• Detroit Consent Agreement and Emergency Manager Laws

  Published on August 20, 2012
  

• Municipality Legacy Costs

  Published on March 13, 2013
  

• F65 Fiscal Data Portal

  Published on April 9, 2013
  

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  A Proposed City of Detroit Consent Agreement and Public Act 4 of 2011

  Published on May 19, 2012
  This FAQ was developed before the official Detroit Consent Agreement was drafted. It deals with legality issues surrounding Public Act 4, which gave the state authority to conduct a financial review of the City of Detroit's finances.

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  The Suspension of the Emergency Manager Law and its Implications

  Published on August 14, 2012
  This FAQ document will outline many of the questions, identify some sources of guidance during this period of confusion, and will serve as a platform for better understanding the challenges in addressing local government financial crises.

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  City of Detroit: City Employment Terms

  Published on August 14, 2012
  This FAQ outlines the events leading to the CET, discusses the implications, and lays out further questions to consider as the city continues to address its financial crisis.

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  The City of Detroit's New Revenue Forecasting Process and Multi-Year Budget

  Published on June 12, 2012
  This FAQ outlines the City of Detroit's decision to adopt multi-year budgeting, which also serves as the city's official deficit-elimination plan.

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  City of Detroit: FY 2013 Budget

  Published on June 12, 2012
  This FAQ explores issues related to the City of Detroit's Fiscal Year 2013 budget, including those issues that directly affect residents and taxpayers.

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  City of Detroit Financial Stability Agreement

  Published on May 19, 2012
  This FAQ outlines the Detroit Consent Agreement including what a consent agreement is, Public Act 4, the Financial Advisory Board, the revenue conference, and compares Detroit’s with New York City and Philadelphia.

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  Frequently Asked Questions About the New Michigan Local Financial Emergency Law [Public Act 436 of 2012]

  Published on January 30, 2013
  When Michigan voters struck down Public Act 4 (commonly known as the "Emergency Manager Law"), the Michigan legislature passed a new law concerning cities and school districts in fiscal crises.

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  Reasons and Risks: Pension Obligation Bonding in Michigan

  Published on November 1, 2017
  This policy brief explores pension obligation bonding in the United States as well as in Michigan specifically.