What does thrive local mean?
It means having a safe community, a community that is thriving both economically and culturally and a community that is being run efficiently and effectively.
The MSU Extension Center for Local Government Finance and Policy was created to help communities reach these goals. Launched in fall 2015, the Center works directly with communities to improve their fiscal health and help them thrive. The Center brings the experience and expertise of municipal finance professionals in both MSU Extension and MSU’s Department of Agricultural, Food and Resource Economics together to deliver the latest applied research, tools and best practices to Michigan communities.
Recent Policy Papers:
- “Headlee and Proposal A” Explained for Michigan Counties
- Reasons and Risks: Pension Obligation Bonding in Michigan
- Service Solvency: An Analysis of the Ability of Michigan Cities to Provide Adequate Public Service (9/2017)
- A Review of Michigan’s Local Financial Emergency Law (4/2017)
- County Revenue Sharing Program: A proposal for a New Formula (5/2017)
- County Revenue Options (11/2016)
- Legacy Costs Facing Michigan Municipalities (1/2016)
Michigan County Economic Data
Description of Michigan County Economic and Fiscal Indicators (Report) (PowerPoint)
The report and PowerPoint include economic, demographic and fiscal data for Michigan’s 83 counties. The data is the latest available as of June 2017, in most cases 2016 data.
Government Financial Sustainability Workgroup: September 28, 2017
Fiscal Sustainability: A Framework and the Detroit Example (E. Scorsone Michigan)
Government Financial Sustainability Workgroup (PEW Charitable Trusts PPT)
APA Identifying and Monitoring VA Locality Fiscal Distress (APA Commonwealth of Virginia)
Fiscal Stress Monitoring System (New York State)
Cross-country learning and accounting harmonization at the local level (European City Economic & Financial Governance)
May 23, 2017 | Samantha Zinnes | The Fire Fighters and Police Officers Retirement Act (Act 345 of 1937) allows for a retirement plan for police officers and firefighters and also authorizes a funding source. What is Act 345, what does it do, and why does it matter?
February 13, 2017 | Bob Kleine | An analysis of the possible impact of repealing the income tax and what we can learn from Kansas
January 26, 2016 | Eric Scorsone | The top 20 unfunded liabilities across cities, villages and townships in Michigan.
January 11, 2016 | Sean Corp | Michigan State University Extension launches Center for Local Government Finance and Policy to work with communities to improve fiscal health.
January 21, 2015 | Sean Corp | Paper argues that Michigan should build fiscal scorecards for school districts using a number of readily available economic and environmental indicators.
February 14, 2014 | Eric Scorsone | In response to financial challenges, county governments have adjusted spending and tried to maintain both critical public services and a reasonable level of reserves.
January 27, 2014 | Eric Scorsone | Michigan City governments have experienced significant revenue shortfalls since 2008. In response, they have cut spending in areas such as city council offices and other general government functions while sparing public safety from the harshest cuts.
November 17, 2013 | Eric Scorsone | As the Detroit bankruptcy proceeds, a critical question is how much is at stake and what do Detroit pensioners stand to lose in the process?
July 10, 2012 | Eric Scorsone | Region is compared to four similar regions in U.S. using a series of benchmarks. Results indicate high spending on public safety, low spending on infrastructure and significant fiscal challenges for Lansing.