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municipal finance

A chart showing statuatory state shared revenue payments to the city of Ann Arbor declining over time.
City of Ann Arbor / City of Ann Arbor

An Ann Arbor city councilmember says the city’s expenses could outpace its revenue as soon as in the next two budget cycles. So the city council is considering a city income tax.

steve carmody / Michigan Radio

LANSING, Mich. (AP) - Eight years into Michigan's economic recovery, the fiscal outlook is still unnerving for municipalities seen as ill-equipped to withstand the next recession.

  Despite continued job growth and record auto sales, the state's per-capita personal income lags the national average after a long-lasting downturn. Taxable values of property are below peak levels in 85% of municipalities. And their state aid is down 20% from 15 years ago.