Local government interest on debt in Michigan ranked in the bottom half of the nation but is less than the average of “Top Ten” and peer states. 

What It Is: Local government interest payments on debt, divided by local government direct expenditures (both in current dollars).

Why It Matters: Maintaining debt service at low levels is an indicator of fiscal sustainability.

Note: This measure does not include debt service on principal since the Census of Governments does not report a direct debt service measure.    

Local Debt Service Trends

Local Debt Service Standings

Source: U.S. Census Bureau (Annual Survey of State and Local Government Finances)