Fred Headen has been in the news lately, for reasons that do not necessarily burnish Michigan’s image. As director of the Department of Treasury’s Bureau of Local Government Services, Headen has played a regular role in reviewing the finances of Michigan’s most troubled cities. He’s served on local finance review teams and helped oversee how […]
Michigan Department of Treasury
Posted inMichigan Government
Taxpayers on hook for 'captures' gone wrong
They collect taxes. They borrow money. They pay interest on their loans. They spend money on public improvements to entice businesses to locate in specific areas. And they may have the most bureaucratic of names ever coined: tax increment financing authorities. In Michigan’s capital city, a TIFA allowed the city to bulldoze porn shops, build […]
Posted inMichigan Government
Big township bank accounts draw concern, defense
We all know Michigan’s local governments have been struggling because of a plunge in tax revenues caused by the Great Recession and the housing collapse, not to mention shrinking state revenue-sharing payments. Or do we? A controversial new study by Isabella County Administrator Tim Dolehanty claims there is, in fact, an “embarrassment of riches” at […]