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 […]
Teacher pension gaps pop up around Great Lakes
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 […]
Posted inGuest Commentary
Guest column: Early childhood efforts need more than office equipment
By Jack Kresnak/Michigan’s Children A new report on the nation’s efforts to provide quality early learning shows Michigan was one of the few states to increase preschool funding last year. The bad news: We still serve only 18 percent of 4-year-olds and no 3-year-olds, putting Michigan in the bottom half of states in accessibility to […]
Posted inGuest Commentary
Guest column: Traditional polling worthless in predicting ballot-proposal votes
By Mark Grebner/Practical Political Consulting Inc. Some polls prove to be right on the money, while a few miss by five or even 10 points. But some polls that aren’t worth anything at all: The ones that try to predict how a ballot proposal will fare with the voters. When the final pre-election poll published […]
Posted inMichigan Government
Snyder pushes end to personal tax on business
Steve Carlson considered buying a couple of new machines for his plastic molding business near Lansing, but he and the company’s other owners decided to hold off for now. One reason, he said, is Michigan’s personal property tax on the new equipment would drive up the cost of doing business, adding another 30 percent to […]
Posted inMichigan Government
Business, Republican leaders express confidence in personal property tax repeal
In the looming battle over Gov. Rick Snyder’s proposed personal property tax repeal, both sides agree on one thing: It’s a tax neither particularly likes. “This is an investment penalty,” said Lt. Governor Brian Calley before a Senate committee Wednesday. “The more you invest, the more you pay.” The Michigan Chamber of Commerce and the […]
Posted inMichigan Government
Schools fear property tax cut will be permanent
Like many other Michigan public schools, the River Rouge School District is struggling to stay afloat. In recent years, it has laid off teachers and eliminated music, art, gym, libraries and athletics — but it’s still running a deficit. In February, voters turned down a request for a millage increase. So, if the Legislature and […]
Posted inMichigan Government
See where personal property tax hits
Bills that would lead to the elimination of the personal property tax for almost all Michigan businesses are now before the Michigan Legislature. Business groups have expressed strong support for PPT repeal, arguing the levy on business equipment makes Michigan less competitive. A coalition of local government and school groups says the plan by the Snyder administration could strip hundreds of millions of dollars from local governments. The administration says most of those dollars will be replaced by state funds appropriated by the Legislature each year.
Posted inPeter Luke: Eye on the Capitol
Hey Grandpa, how about a little help?
A 5-year-old child born to a mother who has exceeded 48 months on cash assistance was being reared in destitution before the state yanked $5,000 in annual welfare benefits. A 75-year-old residing in a nursing home, meanwhile, receives $80,000 in Medicaid-funded care. Not that future fiscal choices should favor the young at the expense of the old, […]
Posted inLand O Links
Land O Links
“The price one pays for pursuing any profession, or calling, is an intimate knowledge of its ugly side” — James A. Baldwin, American author. * OK, so it’s not “Jurassic Park” and velociraptors, but it’s still cool: A Northern Michigan man is cloning trees — and not just any trees: http://www.michiganradio.org/post/northern-michigan-man-clones-ancient-trees * CNN created a […]