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Local fiscal health project

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Showing 1 - 19 of 19 results
State & Hill

Quantum leap

May 3, 2023
City of Flint and CLOSUP work toward transparency in municipal financial reporting By Daniel Rivkin When City of Flint CFO Rob Widigan looks at his required annual financial reporting to the state of Michigan, he sighs. His department needs to...
A 20-year review of Flint finances shows consequences of lack of investment
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
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...
In the Media

How we should think about the government's budget - Leiser

Mar 14, 2022 WXYZ
Many Americans use the analogy of a pie to think about the government budget. But, Sarah Leiser, lecturer of public policy and leader of the Michigan Local Government Fiscal Health Project at CLOSUP, says there's another way to think about it. "It...
Leiser on building a better local government financial reporting system

Government financial reporting - Data standards and the financial data transparency act

Jan 24, 2023, 3:00-4:00 pm EST
Join XBRL US for a session to explore government data standards, find out how governments can create their own machine-readable financial statements, and discover what impact this legislation could have on government entities. Most importantly, discover how machine-readable data standards can benefit state and local government entities by reducing costs and increasing access to time-sensitive information for policy making.
Ford School

Assessing Local Fiscal Health in Tourist Cities in Michigan

June 30, 2021
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Christen Richardson and Capri Backus, Policy Analysts
This case study takes an in-depth look at the fiscal health stress of two tourist cities (City X and City Y) using a wide range of financial and demographic factors as well as findings from the Michigan Public Policy Survey. This case study...

Local Government Fiscal Health & Deindustrialization in Michigan

May 30, 2021
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Elizabeth Chon and Capri Backus, Policy Analysts
In this case study, we analyze the financial health and Michigan Public Policy Survey (MPPS) responses for two municipalities in Michigan: Cities X and Y. Although both municipalities experienced industrial decline throughout the late 20th century,...

Flint Financial Data: 2000-2021

As part of CLOSUP's project to modernize financial reporting and transparency in Michigan, we have used data from 20 years of Annual Comprehensive Financial Reports (ACFRs) in the City of Flint to conduct a detailed review of Flint's financial...