Detroitocfo - Office of the Chief Financial Officer

📢ATTENTION📢 Detroit non-profit organizations, make sure you're represented at the City of Detroit Assessor's Non-profit Community Summit coming up.

We'll cover:
✅The essential Detroit non-profit 101 checklist
✅What to do if you receive a property tax bill
✅ Registering with the City and more

🏀Northwest Activities Center, 18100 Meyers Road
🗓️ Wednesday, June 10,
⏰ 10AM

⚠️ The Wayne County Treasurer’s Office Will Be Closed – Friday, May 29, 2026
Due to the 2026 Detroit Grand Prix and related downtown road closures, the Wayne County Treasurer’s Office will be closed to the public.

Payments can still be made online at WayneCountyMI.gov/Treasurer or at a payment kiosk. Visit WCTKiosk.com for kiosk locations.

‼️ Today, Thursday, May 28, there will be a slight detour to 1-Vernor and 27-Joy for the Grand Prix social downtown.

🚌 Reroute is as follows:
➡️ 1-Vernor and 27-Joy Eastbound: From Lafayette, to left on Third, to right on Michigan, to left on Cass, to right on Bagley, to right on Grand River, to continue as normal.
➡️ 3-Vernor and 29-Joy Westbound: No detours.

Heads up: Due to street closures related to the in downtown Detroit, the Detroit Taxpayer Service Center (DTSC) at CAYMC will only be open virtually TODAY, Thursday, May 28 and Friday, May 29.

For service, customers can:
☎️ Call the DTSC customer service line (313) 224-3560
📨 Send an email to [email protected]
🌐 Go to the website www.detroitmi.gov/dtsc

Enjoy the races! 🏎🏎🏁🏁

OCFO News: Two for Two: Detroit receives rating upgrades from S&P and Moody’s agencies in one week, with Moody’s returning City to “A” category status

Mackinac Island, MI — The City of Detroit has secured credit rating upgrades from both S&P Global and Moody’s Ratings, with Moody’s returning the City’s rating to the “A” category, Mayor Mary Sheffield announced today.

In a standout week, Moody’s on Thursday elevated the City’s Issuer and General Obligation Unlimited Tax (GOULT) ratings to A3 from Baa1. Earlier in the week S&P raised Detroit’s Unlimited Tax General Obligation (UTGO) bond rating to BBB+ from BBB, one step below the “A” category.

“This great news from Moody’s and S&P validates our strong financial management practices and budget investment priorities,” said Mayor Sheffield. "We have shown that structural fiscal discipline can coexist with a commitment to uplifting and investing in our residents and our neighborhoods. These two rating increases also are a result of 12 years of sound, responsible budgetary choices made by the city department heads and Detroit City Council, alongside the expertise of our Chief Financial Officers.”

Moody’s report noted: “The upgrade to A3 reflects the city's strengthened financial resilience on par with A3 peers, supported by consistently solid operating performance, strong reserves, low leverage and good governance practices.”

In its report, S&P cited Detroit’s “sustained strong financial performance and governance conditions” and noted that the City has strengthened its ability to withstand economic uncertainty and potential downturns: “Detroit continues to bolster its financial resiliency and maintain solid operating performance, which will enable it to successfully weather the adverse effects of an economic slowdown, should one occur.”