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Financial News

18
Mar

Michigan Can Reinvest in Itself Again with the Return of the Historic Tax Credit

The Historic Tax Credit has been renewed in Michigan. Here is what that could mean for the state. According to the Michigan Municipal League: “It’s back, baby! Let’s take this renewed Michigan Historic Tax Credit out for a ride! “On December 30, 2020, Governor Whitmer signed Senate Bill 54, reinstating the Michigan Historic Preservation Tax...
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11
Mar

How state of Michigan will hit tax jackpot after $1B lottery winner sold here

Michigan is expected to see an increase in tax revenue after a $1 billion lottery ticket that won was sold here. According to MLive: “A player or group of players in Michigan have won a $1.05 billion Mega Millions jackpot that will not only help their pocketbook, but will also help the state of Michigan....
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04
Mar

The importance of talent attraction & retention for community vitality

When it comes to keeping your community alive, attracting top talent and keeping them is essential. According to Flint&Genesee.org: “The Flint & Genesee Chamber has long focused on the importance of bolstering the region’s workforce by offering a variety of professional development courses and workshops for individuals and employees of local businesses. This mission has...
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25
Feb

COVID-19 recession could trigger a surprise tax cut in Michigan

The recession due to COVID-19 could mean a surprise tax cut for those in Michigan. According to Bridge Michigan: “Michiganders could be in line for a surprise tax cut because of the coronavirus pandemic and recession – if state officials don’t stop it first. “A little-known provision in a 2015 road funding law signed by...
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18
Feb

Experts forecast sustained growth for the U.S. economy in 2021

Some have predicted that the nation’s economy will see growth this year. According to MiBiz.com: “The U.S. economy that got hammered by the COVID-19 pandemic this spring heads toward 2021 on the rebound, although a surge in cases during the fall and renewal of restrictions in many states may limit economic growth nationally early in...
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11
Feb

Let’s cut Michigan’s property tax

Some believe that the Michigan property tax could help the state. According to James M. Hohman with The Mining Journal: “Michigan lawmakers passed a temporary income tax hike in 2007 that’s still with us, and despite the COVID-19 pandemic, Michigan’s finances are looking good. Lawmakers can afford to lower the income tax if it is...
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