Vibrant communities are vital to the long-term fiscal health of the State of Michigan. Today, many local units of government across the state are facing serious financial pressure as a result of declining property values and operating revenues, as well as escalating costs for providing necessary public services.

To ensure that Emergency Financial Managers are better prepared to address financial emergencies, should any be declared, the Department of Treasury recently teamed with Michigan State University and the Michigan chapter of the Turnaround Management Association to conduct an Emergency Financial Manager training program. Approximately sixty individuals attended the training sessions, held February 9th and 10th, in East Lansing. Additional training is currently being considered for this spring/summer.

Individuals interested in future sessions should contact Dr. Eric Scorsone at MSU, by telephone (517-353-9460) or e-mail at scorsone@msu.edu.

The LUFA process, which was developed and implemented under the previous administration, will no longer be utilized as a result of the EFM Training outlined above.