MML#4: Deed Restrictions & Dark Stores Impacting Local Budgets (Crystal A. Proxmire, March 30, 2016) Lansing, MI – Cities and school districts depend on property taxes to provide services that residents rely on. One might think that having large companies in the community would help because of the large size of the “big box” stores…
The Munitrix system will help meet the State’s requirements for increased transparency. “The intent here is to insure that the municipalities give access to communities and their residents exactly where their finances stand,” McGrath said.
Recent action by Standard and Poors to review the City of Ferndale’s financial position has resulted in their affirming the City’s A+ rating and provided the City with a “stable outlook.” This comes after the recent successful millage vote and at a time when the State has further cut back the statutory revenue sharing and declining property values.