Grand Rapids Pundit’s Michigan Economy Tracker index has been updated. The state’s sales tax revenue level dropped 0.4% from July of last year. This is particularly bad, because the Michigan Economy Tracker tells us year over year growth. The problem is that July 2009 was the bottom of 2009′s sales tax revenue decline. Although...
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I’ve added a tab to the GR Pundit web site with what I’ve created and now call the “Michigan Sales Tax Revenue Index.” You can view it by clicking on the tab above. This index is a three month average (to smooth the volatility) of the state’s sales tax revenue. Any number above zero...
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This index is a trailing three month average (to smooth the volatility) of Michigan’s sales tax revenue. Any number above zero means that sales tax revenue is higher that month than the previous year, and any number below zero means that revenue was below the prior year’s. These are year over year, monthly numbers.
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The latest House Fiscal Agency revenue consensus report paints a grim picture for Michigan. Here are a few important bits of information: Although the US has gained more than 480,000 jobs over , employment in Michigan fell by more than 78,000 jobs. That’s right – Michigan has had a net loss of...
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Mayor George Heartwell starts his State of the City 2006 Speech by summarizing past state of the city speeches and reviewing accomplishments pertaining thereto. First, he starts with cooperation between the city schools and the city government. Nevermind that his 2004 state of the city touted cost savings as a primary goal of collaboration...
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WOOD TV 8 is reporting that Toyota has decided not to build a new factory in West Michigan because of militant UAW members who participated in an unauthorized protest at the Detroit Auto show, where Toyota Executives were in attendance. From the article: The rally wasn’t an authorized union gathering. UAW member Greg Shotwell...
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