State Treasurer Announces Grants for Distressed Municipalities
State Treasurer Rachael Eubanks announced yesterday that a total of $2.7 million is being awarded to 14 municipalities through the Financially Distressed Cities, Villages and Townships (FDCVT) Grant Program.
Municipalities can participate in the FDCVT Grant Program if they are experiencing one or more conditions indicative of “probable financial stress” as defined in state law. The grants fund specific projects, services or strategies, including infrastructure and public safety enhancements, that move a city, village or township toward financial stability.
For fiscal year 2020, the Michigan Legislature appropriated $2.5 million for the program, with a $200,000 carryover from the previous fiscal year. The FDCVT Grant Program has a $2 million cap per municipality and grants are awarded based on applications submitted by the municipality.
Locally, the City of Benton Harbor will recieve $263,973 for public safety enhancement through replacement of self-contained breathing apparatus for public safety officers.
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