Lansing, Michigan – October 14, 2015 – Municipalities interested in applying for the Financially Distressed Cities, Villages, and Townships grant program have until 11:59 p.m. on Thursday, Oct. 15, 2015, to submit their applications.
Any city, village, or township, experiencing one or more condition of “probable financial distress,” as outlined in Public Act 436 of 2012, the Local Financial Stability and Choice Act*, are eligible to apply.
Grant funding may be used to pay for specific projects, services, or strategies that move the city, village, or township toward financial stability. Preference will be given to applicants from local units in which:
- A financial emergency has been declared in the past five years
- An approved Deficit Elimination Plan for the General Fund is currently in place
- Two or more conditions indicating “probable financial distress” currently exist
For more information about FDCVT grants, including an application for cities, villages, and townships, visit www.michigan.gov/revenuesharing.
*Conditions of “probable financial distress” relating solely to school districts are not included as conditions for FDCVT, as school districts are not eligible.
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