' Tag Archives: 'property taxes''

‘Shadow Tax Cut’ deepens local budget crises

‘Shadow Tax Cut’ deepens local budget crises

A $900 million cut in property tax revenues since 2007, the “Shadow Tax Cut,” has devastated the budgets of local governments that heavily rely on these taxes to provide police and fire protection — and a ...

Smaller communities buck tax loss trend

Smaller communities buck tax loss trend

Dozens of cities, villages and townships — most of them small in population — have seen tax revenues actually rise over the past three years despite an overall revenue decline inMichigan. Those increases mainly have been ...

What was Shadow Tax Cut in your town?

What was Shadow Tax Cut in your town?

In 2007, $14.25 billion in property taxes were collected by local governments in Michigan. By 2010, that figure had fallen to $13.37 billion. Adjusted for inflation, the drop exceeded $1.6 billion in only four years. This ...

Another hurdle for local budgets

Another hurdle for local budgets

Coverage in Bridge this week focuses on the “Shadow Tax Cut” — a $1.6 billion drop in taxes due to the huge decline in property values across the state. This tax drop has eased the bills ...

$1.6 billion shaved off Michigan property tax bills

$1.6 billion shaved off Michigan property tax bills

Thousands of Michigan home and business owners have been the recipients of hundreds of millions of dollars in property tax cuts in recent years — a savings that few seem to recognize. Property owners in the ...

Despite $300 million reduction, businesses seek relief

Despite $300 million reduction, businesses seek relief

Michigan businesses, which have already won a $1.6 billion business tax cut, are pushing hard to repeal the state’s personal property tax on machinery, computers and other equipment. But they don’t talk much about, or even ...