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Our blog helps you learn about your community, schools, taxes.

The Old Normal of State Tax Revenue

The headlines this week regarding the potential failure of Silicon Valley Bank invoked unpleasant memories among those scarred by Michigan's harrowing years from 2008 to 2013. Bank failures globally and nationally sent shock waves and General Motor's bankruptcy set the car industry on its ear. Michigan's state budgets were slashed mid-year for the first and only time. Those of us serving on school boards at the time will never forget those days. While doing some research for

Historic Fund Balances for Michigan Schools

The aggregate fund balances for Michigan K12 school districts have likely never been higher than levels reached following the 2020-21 school year. COVID relief that doubled federal funding for Michigan schools from 2019-20 to 2020-21 particularly spiked aggregate levels. The implication is that most districts could not identify investment options as rapidly as the relief flowed. Federal funding has not been the only factor in rising cash and asset levels for Michigan schools.

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