LANSING, MI – A state senator says the Michigan Economic Development Corporation gives out too many tax credits to businesses without enough oversight.
State Senator Nancy Cassis says the MEDC gave out a year's worth of tax credits in six months. Cassis says she wants more details on how successful the businesses that get the tax credits are at creating jobs.
Cassis says small businesses already in the state don't see the same benefits as some companies that get tax credits to come to Michigan.
Lansing, MI – Student government leaders from Michigan State University and the University of Michigan stood together Thursday at the state Capitol. They vowed to fight to save the Michigan Promise Scholarship program.
The students say they will spend the rest of the summer lobbying the state legislature. They're concerned about proposed budget cuts that could wipe out Michigan Promise Scholarships and reduce funding for colleges and universities.
LANSING, MI – Governor Granholm met Thursday with legislative leaders to try and resolve disagreements over the next state budget. The governor says one of her priorities is making sure the Michigan Promise college scholarship is not eliminated. It goes to all students who complete two years of college or job training after high school.
DETROIT – Former Detroit Red Wing Sergei Fedorov says during the past 11 years he has been swindled out of $43 million by a Grosse Pointe Shores man entrusted to manage his money.
In a lawsuit obtained by the Detroit Free Press prior to an expected filing this morning in Wayne County Circuit Court, Fedorov accuses Joseph Zada of embezzlement and reneging on a promise to repay him.
The lawsuit says Zada, "acting in concert with others, intentionally lied to Fedorov" whenever he asked about the money.
PEORIA, IL – The Lansing Lugnuts topped the Peoria Chiefs 6-2 last night at O'Brien Field in the opener of a three-game series. The win maked the first time during the second half that the Lugnuts had won consecutive games. Lansing's season-high winning streak stands at just three games, set twice during the first half. Tonight at 8:00 p. m. the Lugnuts and Chiefs play number two of their three-game series.
LANSING, MI – A state House committee met Wednesday to discuss Michigan's tax structure. The rest of the Legislature is in recess this week.
The House Tax Policy committee has been taking testimony from interest groups over the past few weeks. The committee chair hopes to hear from a couple dozen groups before the fiscal year ends in the Fall.
On Wednesday, the committee heard from the Michigan Municipal League. Robin Beltramini is president of the league, and a councilwoman in Troy.