APRIL, 2020: The COVID-19 crisis is having a dramatic impact on Michigan's local governments, and the fiscal implications—including emergency spending, revenue losses, and budget cuts—are already being felt. Here you will find not just up-to-date information but a set of ideas and tools that will help you strategically navigate the new fiscal landscape.
This crisis, combined with the ongoing municipal funding challenges in Michigan, will require an even greater effort on behalf of local officials and administrators to quickly assess resources, respond to changing policies and legislation, and develop the tools and insights to maintain sustainable operations and budgets. To help local governments think through these emerging fiscal issues, CLOSUP has partnered with public finance experts from universities, consulting firms, and research institutions from around the state to produce the following strategy guides and memos.
This site is a work in progress, and information will be added on a rolling basis.
To contact the project, send an email to localgov-COVIDemail@example.com, or call 734-647-4091.
Or, to submit questions, comments, or suggestions (including additional topics we should cover) regarding these guides, please fill out this short form.
Additional Collaborators include:
U-M Research Seminar in Quantitative Economics (RSQE)
- Michigan Dept. of Treasury
- Michigan Association of Counties
- Michigan Municipal League
- Michigan Townships Association
|All categories:||See the FULL GUIDE, all topics included|
|Capital Assets & Projects:||Capital Spending During an Economic Crisis|
|Federal Aid:||What Does the Cares Act Mean for Local Governments in Michigan?|
|Michigan and Federal Aid: Brother, Can You Spare Some Stimulus?|
|Financial Management Strategies:||How to Enhance Liquidity During a Crisis|
|Strategies for Short-Term Cash-Flow Borrowing|
|Planning for Reduced Operating Expenses|
|Assessing Collaborative Readiness|
|Should We Contract This Service Out?|
|Workplace & Personnel Strategies for Michigan Local Governments: Q&A|
|IRC Section 115 Trusts and Pension-Related Financial Stress|
|Revenue Sources:||City Income Taxes and the COVID-19 Recession|
|Will Property Taxes be Immune to the Effects of Covid-19?|
|The Impact of COVID-19 on State Revenue Sharing for Cities, Villages, and Townships|
|Information Technology:||IT Security for Mitigating Fiscal Risk of Remote Work|