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Grants
Grant Programs for Local Governments
Treasury administers grants that aid in building vibrant communities. Through our engagement efforts, Treasury provides the resources needed for communities, groups, and individuals to grow together and grow stronger. The Bureau of Local Government and School Services continues to work towards being a Trusted Partner and provide the necessary resources for communities to thrive.
Grant Year |
Grant Name |
Grant Description |
Grant Period |
Grant Page |
2022 |
Protecting MI Pension Grant Program |
The Protecting MI Pension Program was created to help Michigan’s underfunded municipal pension systems. Under the Fiscal Year 2022-23 budget, the Michigan Department of Treasury (Treasury) was appropriated $750 million to establish and operate a local unit municipal pension principal payment grant program for qualified retirement systems with a funded ratio below 60%, as defined in the Protecting Local Government Retirement and Benefits Act, Public Act 202 of 2017. |
August 30th, 2023 |
Protecting MI Pension Grant Program
The Protecting MI Pension Program was created to help Michigan’s underfunded municipal pension systems. Under the Fiscal Year 2022-23 budget, the Michigan Department of Treasury (Treasury) was appropriated $750 million to establish and operate a local unit municipal pension principal payment grant program for qualified retirement systems with a funded ratio below 60%, as defined in the Protecting Local Government Retirement and Benefits Act, Public Act 202 of 2017.