ANN ARBOR, Mich. – More local officials are reporting a lack of improvement in their community’s fiscal health than last year.
According to a University of Michigan survey, fewer local officials within Michigan are reporting improvements in their local communities’ fiscal health for the first time since the Great Recession. The survey included elected and appointed officials in state municipalities.
Reportedly, 31 percent of officials are saying that they are more capable of meeting financial needs this year. It was 38 percent last year.
Notably, 19 percent of county government officials rate their fiscal stress as high. It was 16 percent last year.
Regardless, nearly two-thirds of local governments rate their level of fiscal stress as relatively low.
The study was conducted by the university’s Center for Local, State, and Urban Policy in partnership with organizations representing local governments.