Oakland County officials said the county is moving to a triennial budget from its current two-year budget period.

“I’m pleased to announce that Oakland will be the first county in Michigan — and we believe in the United States — to move to a triennial budget,” Oakland County Executive L. Brooks Patterson said during his state-of-the-county address. “We will project line-item detail out three fiscal years.”

Patterson said the move would promote better planning and allow the county to avoid having to make emergency spending cuts.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.