Proposed Tax Elimination Could Hurt Dearborn Libraries, City Revenue
The Michigan Legislature is poised to take up legislation to eliminate personal property tax on Wednesday.
A package of bills pending in the Michigan Legislature that will pare about $600 million in tax dollars paid by businesses that benefit municipal entities could result in big cuts within the City of Dearborn if there is no mechanism put into place for revenue recovery. The legislation—which would eliminate the tax businesses pay on equipment—is gaining favor as a way to stimulate the state economy, but for local governments, the potential loss of yet another revenue source is a daunting one. If passed, they would work in a phased-out approach, with Dearborn's revenue losses beginning in 2015. It's expected that the bills will be taken up by the state Senate as early as Wednesday, according to Dearborn Sen. Morris Hood. What does Dearborn …
Nickel
11:26 pm on Wednesday, December 12, 2012
Laplateau is right on. TIME for a change. TIME FOR A CHANGE! Does this mayor and council really think through how they spend their money? more ›