CLOSUP Local Government Fiscal Health Project

July 2019 - Current

Summary

Launched in 2019, and working in partnership with the Michigan State University Extension Center for Local Government Finance & Policy, the Michigan Department of Treasury, and others, CLOSUP’s Local Government Fiscal Health Project aims to develop a deeper understanding of the fiscal health and fiscal challenges of local governments in Michigan, and beyond. This deeper understanding will contribute toward a proactive approach to local fiscal health in Michigan, and promote greater transparency and earlier detection of signs of fiscal stress.

    The project combines insights from local officials, reported through the Michigan Public Policy Survey, with insights from various sources of local government financial and economic data to explore research questions such as:

    • How do local officials assess their fiscal health, and how are their assessments related to various aspects of fiscal health, including budget balancing, service delivery, infrastructure, and retiree pensions/healthcare?
    • How do local officials’ assessments compare to measures of fiscal health derived from financial and economic data? To the extent that they disagree, what accounts for the difference?
    • Are there systematic differences between governments that report higher levels of stress versus lower levels of stress?

    PUBLICATIONS AND PRESENTATIONS

    2019 September – Association for Budgeting & Financial Management Annual Conference – How do local government officials perceive fiscal health?

    Working Paper

    XBRL

    An Open Data Standard for Local Government Financial Reporting: How it Could Work in Michigan
    Read the working paper

    Leiser discusses the CLOSUP Local Fiscal Health Project

    Remote video URL

    Local Government Fiscal Health in the MPPS