Increasing transparency in how local government works got a boost when the U.S. Congress passed the Financial Data Transparency Act (FDTA) on December 15, 2022. The act requires the Securities and Exchange Commission to adopt data standards related...
Through a Michigan pilot program, Stephanie Leiser and the Center for Local, State, and Urban Policy are building a taxonomy for machine-readable local government financial documents.
"Transparency into local government fiscal health is needed...
Governments, standard setters, regulators and analysts encouraged to provide input
A pilot project involving the University of Michigan and others is exploring whether a new fiscal reporting mechanism for governmental entities can help create...
The turmoil surrounding the City of Flint, MI – most infamously the Flint Water Crisis – has become a cautionary tale for other Rust Belt cities struggling to balance their budgets, provide services, and attract new business. A 20-year review of the...
Many Americans use the analogy of a pie to think about the government budget. But, Sarah Leiser, lecturer of public policy and leader of the Michigan Local Government Fiscal Health Project at CLOSUP, says there's another way to think about...
The water crisis in Flint and the bankruptcy in Detroit were separate events that had a common theme -- they had been caused in part by fiscal challenges decades in the making. Avoiding similar tragedies in the future could be tied to greater...
The Ford School’s Michigan Public Budgeting and Finance Planning class invites Ford students to join them for a conversation with guest speaker Janani Ramachandran Yates, Deputy Budget Director of the City of Detroit (and Ford School alum).
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.
Stephanie Leiser, lecturer in the Gerald R. Ford School of Public Policy, discusses the Local Fiscal Health Project, an initiative of the Center for Local, State, and Urban Policy to help local governments navigate fiscal challenges.
