If advocates get their way, the Next International Trade Crossing bridge would be built with its U.S. terminus in the Delray neighborhood of Detroit, southwest of downtown and of the existing Ambassador Bridge. Community leaders and residents who spoke to Bridge Magazine about the proposal offered mixed views, with hopes of improved economic activity leavened […]
Business Watch
Covering the intersection of business and policy, and informing Michigan employers and workers on the long road back from coronavirus. Our Michigan Economic Dashboard shows key metrics that show how the state is performing.
Posted inBusiness Watch
Michigan lost more people in 2009-10 than once thought
Larry Rosen of Public Policy Associates in Lansing recently utilized data from the Census Bureau’s 2010 American Community Survey to analyze residential patterns for Michigan in- and out-migrants between 2009 and 2010. This analysis has drawn significant media coverage. Sometimes, though, the data can lead you astray. The conclusion that “The data indicate a continuing […]
Posted inBusiness Watch
'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 host of other services. They’ve laid off hundreds of firefighters, police officers and other employees; cut pay and benefits; […]
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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 a result of one or two new commercial projects that have sharply boosted property values in local taxing jurisdictions. […]
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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 “Shadow Tax Cut” has had significant effects on local governments and on Michiganians’ tax bills, but the effects have […]
Posted inBusiness Watch
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 for many taxpayers, but it, of course, has meant less money for local governments that rely heavily on property […]
Posted inBusiness Watch
$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 state as a whole have seen property taxes fall nearly $900 million between 2007 and 2010. Adjusted for inflation, […]
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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 recognize, the $324 million tax cut they’ve received since 2007, the result of falling property values and lower tax […]
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On the block: Taxes in Lansing, Troy, Wyoming
Three residential blocks in three different Michigan communities show how the massive decline in property values and the resulting “Shadow Tax Cut” rolled across the state. Bridge looked at residential blocks in two suburbs (Troy and Wyoming) and the capital city to judge how the cut played out for individual homeowners. The figures presented below […]
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Michigan reaches for upper rungs on tourism
Five years of Pure Michigan national advertising is just beginning to buff up the state’s rust-belt image. After the state had spent $67 million for the slick campaign featuring the voice of Michigan native Tim Allen, a survey done for the state found that Michigan still ranked in the middle of the pack in tourism […]
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