Thumbnet.net header graphic

Area News Headlines

These news headlines brought to you by these fine sponsors:

East Side Tire Tri-Country Equipment Osentoski Wolverine Advanced Auto Glass Active Physical Therapy A&B Auto Repair Anchor Fitness ABC Oil & Gas Maurer Electric JW Hunt McKenzie JewelersA-1 TRUCK Scheurer Healthcare Network Ad AVCI.net Lundy Financial Services
AVCI.net Lundy Financial Services East Side Tire Tri-Country Equipment Osentoski Wolverine Advanced Auto Glass Active Physical Therapy A&B Auto Repair Anchor Fitness ABC Oil & Gas Maurer Electric JW Hunt McKenzie JewelersA-1 TRUCK Scheurer Healthcare Network Ad
Lundy Financial Services East Side Tire Tri-Country Equipment Osentoski Wolverine Advanced Auto Glass Active Physical Therapy A&B Auto Repair Anchor Fitness ABC Oil & Gas Maurer Electric JW Hunt McKenzie JewelersA-1 TRUCK Scheurer Healthcare Network Ad AVCI.net
Scheurer Healthcare Network Ad AVCI.net Lundy Financial Services East Side Tire Tri-Country Equipment Osentoski Wolverine Advanced Auto Glass Active Physical Therapy A&B Auto Repair Anchor Fitness ABC Oil & Gas Maurer Electric JW Hunt McKenzie JewelersA-1 TRUCK
Lundy Financial Services East Side Tire Tri-Country Equipment Osentoski Wolverine Advanced Auto Glass Active Physical Therapy A&B Auto Repair Anchor Fitness ABC Oil & Gas Maurer Electric JW Hunt McKenzie JewelersA-1 TRUCK Scheurer Healthcare Network Ad AVCI.net

 

Grants available for municipalities struggling with finances

Mary Drier

Thu, 07 Nov 2019 18:16:53 EST

 





Cities, villages and townships experiencing financial struggles can now apply for a grant to help fund special projects and free up tax dollars for important services, according to the Michigan Department of Treasury (Treasury). Applications are now being accepted for the Financially Distressed Cities, Villages, and Townships (FDCVT) grant program. Municipalities interested in applying for an award must submit applications to the state Treasury Department by 11:59 p.m. on Thursday, Jan. 2, 2020. All cities, villages and townships experiencing at least one condition of "probable financial distress," as outlined in the Local Financial Stability and Choice Act, are eligible to apply for up to $2 million. A total of $2.5 million in funding is available for Treasury to award through the FDCVT grant program for the 2020 fiscal year. Grant funding may be used to pay for specific projects or services that move a community toward financial stability. Preference will be given to applications from municipalities that meet one or more of the following criteria: (1) A financial emergency has been declared in the past 10 years. (2) An approved deficit elimination plan for the General Fund is currently in place. (3) And, two or more conditions indicating "probable financial distress" currently exist.
Also, the fund balance of the General Fund has been declining over the past five years and the fund balance is less than 3 percent of the General Fund revenues. Due to requirements outlined under state law, school districts are not eligible for funds from this grant program. For more information about the FDCVT grant program or to download an application, go to www.michigan.gov/revenuesharing.

 

 

Copyright © 2010 - 2019 Thumbnet.net and Thumb Broadcasting Incorporated

An equal opportunity employer EEO Report

Privacy Policy | FM Public File | AM Public File

WebReady powered by WireReady® NSI

Peppermill Big Boy GREENSTONE FARM CREDIT SERVICES Nick Checkly McVey Insurance KEVIN RICE Van Dyke Collision The Pasta House D&m Cabinet McCormick Motors