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Madison Heights City Council supports new state revenue sharing model

MADISON HEIGHTS Two proposals in the Michigan Legislature aim to change the way the state supports municipalities. The Madison Heights City Council has issued a resolution in support, with officials saying it would help the city cover essential services without increasing taxes. ....

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SOM - Notice of Issuance of One or More Series of Up To $700 Million Limited Obligation Revenue Bonds (Federally Taxable) in June 2021

SOM - Notice of Issuance of One or More Series of Up To $700 Million Limited Obligation Revenue Bonds (Federally Taxable) in June 2021
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Senate approves Flint Settlement Trust Fund bill

by
Bruce Walker, The Center Square
| December 10, 2020 11:00 AM
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The Michigan Senate on Wednesday voted on a bill to establish the Flint Settlement Fund with money derived from the anticipated $600 million Flint Water Settlement Agreement.
Senate Bill 1252 was sponsored by Senate Minority Leader Jim Ananich, D-Flint. The bill must now pass the Michigan House of Representatives prior to Gov. Gretchen Whitmer signing it.
The fund established by SB 1252 requires a $600 million deposit within 185 days of full approval of the water settlement agreement, which is anticipated to occur in August 2021.
“Today’s vote to establish the Flint Settlement Trust Fund was more than a vote on a bill, it was a declaration of support for the victims of the Flint water crisis,” Ananich said in a statement. ....

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