Showing results for content tagged 'fiscal management'. Search instead for the keyword '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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Mark Skidmore
Professor and Morris Chair in State and Local Government Finance and Policy
mskidmor@msu.edu
517-353-9172
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Mark Skidmore
Professor and Morris Chair in State and Local Government Finance and Policy
mskidmor@msu.edu
517-353-9172
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Mark Skidmore
Professor and Morris Chair in State and Local Government Finance and Policy
mskidmor@msu.edu
517-353-9172
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Beth Waitrovich
Food Safety
waitrovi@msu.edu
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Beth Waitrovich
Food Safety
waitrovi@msu.edu
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Eric Walcott
State Specialist
walcott3@msu.edu
517-353-9106
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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. -
A new approach to evaluating the fiscal health of Michigan local governments: Comparing fiscal performance relative to available resources
Published on June 1, 2018
The purpose of this report is to develop a scoring system for Michigan local governments that accurately reflects their fiscal condition. -
Michigan's Post-Recession Spending
Published on September 1, 2018
Over the past eight years, the state’s economy has seen significant improvements. Even with these increases, there remain significant concerns regarding funding for key public policy priorities in the state. -
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. -
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. -
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. -
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. -
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. -
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. -
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. -
Pennsylvania Offers A Curious Case To Explore Alternatives To Early Warning Systems And State Intervention: Can Michigan Keep Its Horses From Wandering Off?
Published on May 5, 2020
The purpose of this report is to apply the Early Warning System (EWS) used by Pennsylvania with Michigan local government financial and socioeconomic data, as a way to assess potential fiscal distress that cities, townships, and counties may experience. -
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. -
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. -
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.
