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.
Applications are being accepted for the “Financially Distressed Cities, Villages and Townships” grant program. Municipalities interested in applying for an award must submit applications to the state Treasury Department on or before March 31.
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.
Due to requirements outlined under state law, school districts are not eligible for funds from this grant program.