The Treasury Rapid Response Team (TRRT) for Fiscally Distressed Local Units was created to provide a quick and efficient methodology for Treasury to access fiscally distressed local units of government and to give them fiscal repair options that may help avoid the PA 72 process.
Methodology and Benefits of TRRT:
- Utilize various organizations such as the Michigan Municipal League (MML),
Michigan Townships Association (MTA), and the Michigan Association of Counties
(MAC), if necessary, to facilitate meetings with the local governmental
officials and a TRRT member.
- The organization/local unit will get credit for addressing the financial
issues early and timely.
- At the meeting the TRRT members will ask the local officials what they
feel comfortable sharing with the team about their fiscal distress.
- Once the fiscal issues are disclosed the TRRT will give the local
government officials a list of fiscal health building options that do not
include
P.A. 72 triggers.
- If it is determined that P.A. 72 must be invoked the local government
officials will be given the 4 page summary of P.A. 72 that will guide them
through what to expect from that process.
- If it is determined after the meeting that P.A. 72 needs to be invoked the
formal process can begin without unnecessary delay.
Using the TRRT will wisely use Treasury resources in identifying which local units of government require assistance without P.A. 72 or with P.A. 72 while giving substantial credit for the assistance to the organizations that represent various local units of government, or to the local unit of government that asks for our help on its own.
Undoubtedly, there will be conflicts that arise within local governments. The Department of Treasury has put together a list of common problems and solutions that should be considered before calling on the Rapid Response Team