Legislation that would phase out Michigan’s personal property tax — essentially a business equipment levy — on industrial and commercial property is working its way through the Michigan Senate. The repeal is strongly backed by business groups such as the Michigan Chamber of Commerce and manufacturers. It is just as strongly opposed by alliances of […]
Will personal property tax tug-of-war drag cities into the mud?
Posted inLand O Links
Land O Links
“Knowledge which is divorced from justice, may be called cunning rather than wisdom” — Marcus Tullius Cicero, Roman senator * Center for Michigan President John Bebow sat down with Michigan Municipal League President Dan Gilmartin to talk about prosperity in Michigan, along with with Gary Heidel of MSHDA, Tim Fischer of the Michigan Environmental Council […]
Posted inBusiness Watch
Moroun family looks to state ballot tactic to protect its business
News item: The Detroit International Bridge Company, which owns the Ambassador Bridge, wants to put a state constitutional amendment on the ballot, one that would require a statewide vote for the New International Trade Crossing bridge to go forward. There’s little mystery as to what this is really all about. The bridge company is entirely […]
Posted inTalent & Education
Journalism hall honors Center for Michigan founder
Speaking before the assembled guests at an induction ceremony of the Michigan Journalism Hall of Fame, Center for Michigan Chairman Phil Power told a story about how he got into the newspaper business. It was the mid-1960s. After studying at prestigious schools in the United States and Great Britain, the young Power had moved on […]
Posted inTalent & Education
Everybody feels our pain
From the comments piling up on Bridge’s stories about school-employee pension reform, both here and at Mlive, where Bridge shares content, you’d think…well, you’d think a lot of things. For a topic that involves actuarial tables and lots of numbers, it gets blood boiling like few others. But if there’s one takeaway I hope every […]
Posted inMichigan Government
Teacher retirement fund has $45 billion hole
When something once vital and secure dies, it must be mourned. And so David Campbell, superintendent of the Livingston Educational Service Agency in Howell, likes using the language of a funeral director when discussing Michigan’s retirement program for school employees. “We’re in the middle of a grieving process,” he said recently, going through stacks of […]
Posted inMichigan Government
GOP fix for MPSERS calls for bigger checks from teachers, retirees
The way state Rep. Rick Olson sees it, there are only three places to find a solution to financial problems in the Michigan Public School Employees Retirement System. “Increased contribution by employees, reductions in benefits — or find a magical money tree somewhere,” the Saline Republican said. With no magic to call on, a group […]
Posted inMichigan Government
Educators see violation of trust in pension proposal
When Kathy Kapera started working as a Michigan teacher in 1976, she made about $7,000 a year. Over the course of her career — most of it spent teaching hearing-impaired children in Royal Oak — she earned a master’s degree, and steadily accumulated seniority and experience that all led to the moment in 2010 when […]
Posted inMichigan Government
Teacher pension gaps pop up around Great Lakes
As dire as conditions are for the Michigan Public School Employees Retirement System, be advised it could be worse. Just look at Illinois. Across the country, pension funds are suffering from the same confluence of factors, including rising health-care costs, falling returns on investment, lax oversight and more. It is very difficult to directly compare […]
Posted inLand O Links
Land O Links
“True friendship can afford true knowledge. It does not depend on darkness and ignorance” — Henry David Thoreau. * Bridge reported last week that a center of contention in efforts to streamline state regulations may be how the state regulates — some might even say hampers — the alcoholic beverage market. TheMackinacCenter for Public Policy […]