Michigan Public Budgeting and Finance Planning class (PubPol 715) invites you to join them for a conversation with guest speaker Robert Widigan, former CFO for the City of Flint and incoming Chief Deputy CFO of Wayne County.
Join us as we welcome Dr. Ruha Benjamin to campus to discuss her newest book, Viral Justice: How We Grow the World We Want. In this talk, Dr. Benjamin draws on the lessons of the COVID-19 pandemic and introduces a micro-vision of change—a way of looking at the everyday ways people are working to combat unjust systems and build alternatives to the oppressive status quo.
Join XBRL US for a session to explore government data standards, find out how governments can create their own machine-readable financial statements, and discover what impact this legislation could have on government entities. Most importantly, discover how machine-readable data standards can benefit state and local government entities by reducing costs and increasing access to time-sensitive information for policy making.
Peter Adriaens discusses "The Transformational Role of Data for Democratized Digital Project Delivery" and how it relates to smart infrastructure finance.
The Poverty Narrative: Confronting Inequity
Join us as we discuss connections between structural racism, and poverty in the U.S., and confronting policies and practices that perpetuate inequity in public health, housing, education and data.
Professor Adriaens' research explores the impact of water risk – as a proxy for climate impact - on corporate share price premiums and financial performance of global indexes, and the impact of green investment intent and corporate ESG disclosure on bond yield spread (relative to 10-year treasury notes).
This event will be virtual.
Ten years after the passage of the Dodd-Frank Act, and in the midst of an even more devastating economic and public health crisis, what are the risks to the financial system and the U.S. economy? This conference will explore whether the Act created an enduring structure to make the financial system fairer, safer, and better harnessed to the needs of the real economy. Panels will explore the policy choices made in the Dodd-Frank Act, DFA’s implementation over the decade, changes during the Trump Administration, current and potential risks to the financial system, debates over consumer protection, and the future of reform.
U. S. Department of the Treasury, Cash Room
Washington, DC
The U.S. Office of Financial Research and the University of Michigan’s Center on Finance, Law, and Policy will bring together regulators, policymakers, lawyers, economists, financial institutions, investors, financial technology companies, and experts on data science, cybersecurity, and finance.
The rebirth of Detroit is dependent on a multitude of factors including issues related to urban infrastructure, the revitalization of neighborhoods, and beyond. Critical to this rebirth is investment in the city. For the city administration, this investment means being able to collect sufficient tax revenues to turn on streetlights, police neighborhoods, replace infrastructure, and finance other projects. Unfortunately, one consequence of the challenges faced by the city has been a culture of non-payment of the taxes owed. Over the last three years, the Master of Accounting students at the Ross School of Business have worked closely with the city to help address these non-payment issues. This talk will describe the projects the students have worked on, the benefits to both the city and to the students, and the work that still needs to be done. We will be joined by the city’s Director of Audit and Compliance, Odell Bailey.
Historically, public infrastructure systems such as roads, water utilities, and schools are financed using a combination of tax revenue, government and revenue-backed bonds. This system has repeatedly fallen short due to insufficient tax revenue and political aversion towards funding “social infrastructure”. Especially for schools, the access to quality infrastructure is highly correlated (in the US) to poverty, stemming from property values, credit worthiness and other factors. A recent bill (not passed) required a 1:6 leverage of federal with state and private finance, compared to 1:12 in Europe and 1:30 proposed under the Climate accords. Either infrastructure has not been built or upgraded, or private capital has stepped in the breach. At the Center for Smart Infrastructure Finance, we're asking whether data-driven models can close the gap by taking advantage of the internet of things (IoT): smart sensors that deliver information which can be monetized. This seminar will explore how private financing models that leverage digital data supply chains to attract 'efficient capital' (e.g. insurance, options trades, debt securities, variable interest rate bonds) can be adapted to financing public infrastructure while limiting recourse to the citizens that use it, and leveling the economic disparities of access.
The panelists will discuss their work in helping to deliver capital to America’s communities, the growth and transformation of the industry, headwinds the field faces and what’s in store for the next 40 years of community development finance.
The “Michigan’s Municipal Water Infrastructure: Policy Choices and Issues” conference is being sponsored by a consortium of universities across the state, with the hope of bringing a voice of academic research and analysis to the topic of municipal water policy in the state (particularly relevant in the face of the crisis in Flint). Faculty will present on a range of issues: from water supply engineering issues to municipal funding needs to health and environmental impacts to state and federal regulation.For more information and to register, please visit http://events.anr.msu.edu/MMWI/ This conference is free, however space is limited so please register early to secure your spot.
