Last week we learned that e-commerce sales on Cyber Monday 2014 topped $2-billion. That’s up more than 15-percent over last year. Big box giant Walmart and online powerhouse Amazon saw sizeable surges in their bottom lines. But the reports are not welcome news for everyone, including traditional brick and mortar retailers in Michigan.
David Bieri is assistant professor of urban and regional planning at the University of Michigan, Ann Arbor. His main research and teaching interests are at the intersection of urban planning and real estate economics, public finance and economic geography.
Last week, General Motors announced plans to expand its Delta Township plant and requested a 50% tax break over 12 years from the Lansing City Council. Similarly, the new logistics center at General Motor’s Grand River plant that just started construction that comes with a $4-million tax break.
On August 5th, Michigan voters will head to the polls to select who goes on to represent each party in November’s general election. They’ll also be asked to vote on Proposal 1, which is the first step in what has been a long-fought effort to reform the state’s Personal Property Tax.
As Michigan works to recover from the economic downturn and the decline in its manufacturing base, there have been plenty of debates over which policies will set Michigan on a long-term path toward more prosperity.
There are 59 different taxes yielding nearly $40 billion in public revenue. That is a snapshot of current Michigan tax levies contained in a comprehensive new report. The money is used to pay for police and fire protection, Medicaid coverage, state employee salaries, schools, roads and lots more.
It’s Wednesday and time for our Neighbors in Action segment, where we feature people and organizations working to make our community a better place. Today we feature two services from the Capital Area United Way: the Volunteer Income Tax Assistance program and their 2-1-1 support line.
Fourteen months ago, Gov. Rick Snyder signed legislation eliminating the state personal property tax levied on business equipment. The move was heralded as welcome change by business owners who said the tax put them at a competitive disadvantage and inhibited job growth. However, local governments are worried about how they will replace the revenue that kept their vital services running. Now, a series of bills introduced this week in the Michigan Senate seeks to preserve that funding.