Service Solvency: An Analysis of Michigan Cities // Tali Faris-Hylen
I’ve read through this extensive piece put out by Robert Kleine, Interim Director and Mary Schulz, Associate Director Center for Local Government Finance and Policy Michigan State University Extension, and found it very informative given the financial situation East Lansing is in.
http://msue.anr.msu.edu/uploads/235/75790/GMI_062_Service_Solvency_Report-9-2017.pdf
It addresses why cities like EL, that seem like truly vibrant communities in every way, have revenues far behind other communities. It specifically states how cities with per capita taxable value below $20,000 will struggle financially (East Lansing is $19,461). … Read more →
