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In the Media

Flint, Michigan's finances stable but fragile as citizens get closer to state settlement payout

Mar 23, 2023 The Bond Buyer

Flint, Michigan's fiscal condition remains stable but fragile with some positive signs on the horizon as its citizens move closer to receiving compensation for the 2014 water contamination crisis, with a $600 million state-backed settlement clearing...

News

Leiser shares expertise on government financial reporting in webinar

Jan 29, 2023

The Center for Local, State, and Urban Policy (CLOSUP) has been partnering with XBRL US, to work with the City of Flint to explore whether a new fiscal reporting mechanism for governmental entities can help create transparency—and prevent future...

Leiser shares expertise on government financial reporting in webinar

In the Media

Machine-readable disclosure has 'revolutionized' Flint's financial reports, CFO says

Jan 25, 2023 The Bond Buyer

For Flint, Michigan, new machine-readable disclosure standards which have sparked controversy across the muni market represent a "quantum leap" for the city's finances, its CFO said. "If you're asking me, it's about time that we modernize and...

In the Media

Leiser applauds Financial Data Transparency Act

Dec 26, 2022 XBRL US

Stephanie Leiser, XBRL US: "Making government financial data open and accessible to all is the right thing to do, and it is long overdue. Financial transparency is absolutely essential to maintaining trust between governments and the public. Equally...

Leiser on building a better local government financial reporting system

Publication

New law on data transparency will improve governance - Leiser

Dec 20, 2022

Increasing transparency in how local government works got a boost when the U.S. Congress passed the Financial Data Transparency Act (FDTA) on December 15, 2022. The act requires the Securities and Exchange Commission to adopt data standards related...

New law on data transparency will improve governance - Leiser

MPPS in the news

Local Governments Report Less Fiscal Stress, But Wary

Dec 19, 2022 Gongwer News Service

Local government leaders report they are better able to financially meet their needs this year than in 2021 though remain concerned about long-term fiscal trends, according to a survey released last week. The Michigan Public Policy Survey from the...

MPPS in the news

Report highlights perspectives on democracy, fiscal health among Michigan administrators

Dec 14, 2022 American City and Country

Politically driven incidents over the last few years at all levels of government have fundamentally shaken public perception about the health of America’s democracy. Administrators have likewise been impacted. A new study from the University of...

CLOSUP Updates

Michigan local leaders report near-term improvements in fiscal health, especially in large jurisdictions, yet long-term concerns increase

Dec 14, 2022

A new report presents Michigan local government leaders’ assessments of their jurisdictions’ fiscal conditions and the actions they plan to take in the coming year given their financial situations. The findings are based on responses from 14...

Publication

Local government fiscal outlook in Michigan a mixed picture: near-term improvement, long-term challenges

Dec 14, 2022

A majority of Michigan local leaders' assessments of their fiscal stress this year remain essentially unchanged compared to both 2021 and 2020, despite significant infusions of federal and state aid in recent years. The findings come from the...

Local government fiscal outlook in Michigan a mixed picture: near-term improvement, long-term challenges

In the Media

A Chance to Make Government Financial Data Transparent and User-Friendly

Dec 7, 2022 Governing.com

Federal legislation requiring machine-readable reporting has its critics, but it would go a long way toward modernizing how data is collected, used and shared. It also could lower borrowing costs for states and...

In the Media

Financial reporting bill in Senate has muni lobby on edge

Sep 19, 2022 The Bond Buyer

The municipal market is rattled by legislation pending before the Senate that would require governments to standardize their financial reports, with opponents warning it would be onerous and costly and ultimately could shrink tax-exempt...

In the Media

Leiser on building a better local government financial reporting system

Aug 23, 2022 The Bond Buyer

Through a Michigan pilot program, Stephanie Leiser and the Center for Local, State, and Urban Policy are building a taxonomy for machine-readable local government financial documents. "Transparency into local government fiscal health is needed to...

In the Media

The University of Michigan moves to modernize government financial reporting

Jun 17, 2022 Reason Foundation

In 2002, three academic researchers proposed applying eXtensible Business Reporting Language (XBRL) to state and local government financial reporting to make municipal data more digestible and publicly available. Now 20 years later, the University...

In the Media

University of Michigan and XBRL US Launch Public Review of Government Data Standards

Jun 16, 2022 Bloomberg.com

XBRL US, a nonprofit standards organization, and the Center for Local, State, and Urban Policy (CLOSUP) at University of Michigan’s Gerald R. Ford School of Public Policy, announced the publication of digital financial data standards for local...

In the Media

University of Michigan and XBRL US Launch Public Review of Government Data Standards

Jun 16, 2022 Yahoo!

News

CLOSUP in consortium launching review of Flint government financial data standards

Jun 15, 2022

Governments, standard setters, regulators and analysts encouraged to provide input A pilot project involving the University of Michigan and others is exploring whether a new fiscal reporting mechanism for governmental entities can help create...

CLOSUP in consortium launching review of Flint government financial data standards

In the Media

Two-decade review of Flint finances by U-M shows consequences of lack of investment, legacy costs

Jun 9, 2022 Spot On Michigan

The turmoil surrounding the city of Flint-most notably stemming from its lead-tainted water crisis-has become a cautionary tale for other Rust Belt cities struggling to balance their budgets, provide services and attract new...

In the Media

Two-decade review of Flint finances by U-M shows consequences of lack of investment, legacy costs - University of Michigan News

Jun 9, 2022 Planet's Water

News

A 20-year review of Flint finances shows consequences of lack of investment

Jun 8, 2022

The turmoil surrounding the City of Flint, MI – most infamously the Flint Water Crisis – has become a cautionary tale for other Rust Belt cities struggling to balance their budgets, provide services, and attract new business. A 20-year review of the...

A 20-year review of Flint finances shows consequences of lack of investment

CLOSUP Updates

New Report: A Twenty-year Review of Flint’s Financial Condition

Jun 8, 2022

A new report from CLOSUP illustrates how data found in basic financial statements may be used to understand how Flint’s financial condition has changed over time. We draw on data from Flint’s Annual Comprehensive Financial Reports from FY 2000 to...

MPPS in the news

Short-Changing Michigan Local Governments Has Resulted in Deteriorating Water Systems and Other Services

May 12, 2022 Circle of Blue

Michigan has had its share of disasters. Dams collapsed after heavy rains, flooding Midland. A sinkhole the size of a football field was caused by a sewer collapse in Macomb County. And in Flint, children were exposed to lead-contaminated...

MPPS in the news

Short-changing Michigan local governments has resulted in deteriorating water systems and other services

May 9, 2022 Interlochen Public Radio

MPPS in the news

A brief change in Michigan’s local government is due to the deterioration of the water system

May 9, 2022 Michigan News Time

Another tax change also occurred due to the Great Recession. Sales taxes are sent to the state, and some are redistributed to cities, villages and towns. Part of this is provided by the Constitution. The second formula, called the statutory share,...

MPPS in the news

Short-changing Michigan local governments has resulted in deteriorating water systems and other services

May 9, 2022 Great Lakes Now

MPPS in the news

Short-changing Michigan local governments tied to deteriorating water systems

May 9, 2022 Bridge Michigan

News

Michigan local government officials report improved fiscal health after a year of COVID-19, but not to pre-pandemic levels

Dec 16, 2021

Michigan’s local governments report improvement on many fiscal health measures after a year of struggles with the COVID-19 pandemic, but for much of the state the situation has stayed the same or continues to decline, according to a new Michigan...

More than half of Michigan local governments report personnel harassed, abused for doing their jobs

CLOSUP Updates

MPPS Report: Michigan local government officials report improved fiscal health after a year of COVID-19, but not yet back to pre-pandemic levels

Dec 16, 2021

News

CLOSUP and Ivacko applauded for partnering with city of Flint

Dec 8, 2021

News outlets are applauding Tom Ivacko and the Center for Local, State, and Urban Policy's announcement about a project with the city of Flint that will examine whether a new fiscal reporting mechanism can help create transparency in local fiscal...

Ivacko discusses voter priorities in 2022 election

In the Media

Flint, Mich., tap university researchers to boost financial transparency

Dec 2, 2021 StateScoop

Researchers at the University of Michigan on Wednesday announced plans to help Flint, Michigan, develop new open-data standards to improve the city’s financial...

News

University of Michigan and the City of Flint partner on new fiscal reporting pilot program for transparency, better governance

Dec 1, 2021

The water crisis in Flint and the bankruptcy in Detroit were separate events that had a common theme -- they had been caused in part by fiscal challenges decades in the making. Avoiding similar tragedies in the future could be tied to greater...