Budgets and City Finances

The Lowell City Council adopts an annual budget that guides the utilization of city resources in providing services. The City of Lowell operates on a fiscal year that begins on July 1 of each year and ends on June 30 the following year.

City of Lowell EVIP
Governor Rick Snyder delivered a special message on March 21, 2011 proposing the elimination of statutory revenue sharing and created a program called the City, Village and Township Revenue Sharing (CVTRS) Program, formerly known as the Economic Vitality Incentive Program (EVIP).  The total funding for CVTRS is approximately two thirds of what a community received under the former statutory revenue sharing.

Government entities may receive 1/3 of the funding as part of this new incentive system by providing transparency and a citizen's guide.  Below are statistics regarding fiscal stability, public safety, economic strength and quality of life for the community of Lowell that will be forwarded to the Michigan Department of Treasury.  Also below is a link to the 2013 Citizen's Guide for an in-depth account of how the City of Lowell spends your money.

City of Lowell Link to Dashboard and Citizen's Guide
https://www.accessmygov.com/MunicipalDashboard/Performance?uid=1363
https://www.accessmygov.com/MunicipalDashboard/FinancialData?uid=1363