FLINT, Mich. (Michigan News Source) – The City of Flint is projecting deficits over the next two years despite a huge influx of state and federal dollars since the pandemic started in 2020.
The city revealed the overspending in budget documents it released this week. It projects a deficit of $13.4 million in 2025-2026 and $8.2 million in 2026-27.
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In August 2023, the city of Flint received $170 million from the Protecting MI Pension Grant Program from the state of Michigan. That money was dedicated to the pension system which is underfunded. The City of Flint was awarded $94.7 million from the American Rescue Plan Act and that money must be spent by Dec. 31, 2026.
Flint’s General Fund revenues have varied wildly due to the huge influx of money. The General Fund was $53.9 million in 2018-19, the year before the pandemic. It is projected to increase to $64.2 million in 2025-26 and $65.7 million in 2026-27. Total expenditures are projected to be $77.7 million in 2025-26 and $73.8 million in 2026-27.
They city has been in the red in 2022-23, 2023-24 and was budgeted to be in deficit this year until it received the $170 million pension bailout from the state.