Financial terms of the deal were not disclosed.
The Michaels acquisition is the second from Influence Media’s music fund with the Municipal Employees’ Retirement System (MERS of Michigan), which boasts $100 million in initial capital to invest in the recording and publishing rights of commercially proven songs. Its first joint acquisition, of select copyrights from songwriter Ali Tamposi’s catalog, was announced in April.
“Like Carole King, Sia and Bruno Mars before her, Julia Michaels belongs in the pantheon of great songwriters who can write classics for themselves as well as other artists,” said
Lylette Pizarro, founder and co-managing partner of Influence Media, in a statement. “We’ve wanted to be in business with Julia since the days we were first founded in 2018, and are thrilled that her team took a chance on us in what was a very competitive deal-making process.”
Ionia Sentinel-Standard
IONIA The city of Ionia s proposed fiscal year 2022 budget is a nearly 6 percent decrease from the previous year.
The Ionia City Council participated in a special session before its regular meeting Tuesday, May 4, to review the proposed FY22 budget.
Council members voted unanimously to set a public hearing on the budget and utility rate ordinance at its June 1 regular meeting, followed by adoption.
Ionia City Manager Precia Garland said department heads submitted their budget requests in March. Garland and Finance Director Chris Hyzer prepared the recommended budget in April. Following the budget adoption in June, the new fiscal year begins July 1.
Michigan Congress shifts its debts to local governments | News, Sports, Jobs mininggazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mininggazette.com Daily Mail and Mail on Sunday newspapers.
mlanthier@ironmountaindailynews.com
KINGSFORD The city of Kingsford shows a general fund balance of $2.4 million, which would give the city about 244 days of funds if there was an emergency, according to an auditor’s report.
Auditor Scott Kenney of Crystal Falls appeared before the city council on March 22 to present an in-person report on the audit.
The council had accepted the audit, which carried an unmodified status, at a January Zoom meeting. The unmodified status is the highest rating a CPA can render on a financial statement, Kenney said.
The city’s general fund budget for the 2020-21 fiscal year that began July 1 totals $4.25 million.