P.A. 252 of 2014 created the City, Village and Township Revenue Sharing (CVTRS) program requiring local units to submit forms and documentation in order to receive the appropriated amount of revenue sharing from the State of Michigan. This program, similar to the Economic Vitality Incentive Program, provides for accountability and transparency of the local units to insure that taxpayer dollars are delegated responsibly.
The Protecting Local Government Retirement and Benefits Act (PA 202 of 2017) requires that a Retirement System Annual Report be filed with the State within 180 days after the end of the fiscal year. The report shows both pension and OPEB (Other Post Employment Benefit) plans.