A union-led petition drive is trying to increase the state’s Corporate Income Tax rate from 6 percent to 11 percent. The revenue would be used to fix roads.
Increasing the rate by 5 percentage points would generate about $900 million a year toward Governor Rick Snyder’s goal of $1.2 billion in new revenue for road repairs. It would also be a major change to the 2011 business tax overhaul engineered by Snyder and Republicans in the Legislature. Continue reading →
Governor Rick Snyder says he hasn’t given up on getting a deal for more than a $1 billion dollars in new road revenue through the Legislature. Lawmakers adjourned this week without voting on a roads package.
But, at an event in Detroit, the governor said he’s still confident a deal can come together in 2015. Continue reading →
The state House briefly returns from its summer break this week to take up the debate over road funding. It will consider a state Senate plan that differs widely from the plan the House approved last month.
A key difference is that the Senate plan raises the gas tax by 15 cents over three years. The House plan relies mostly on existing revenues. Continue reading →
Democrats in the state Legislature are criticizing Republican plans to boost road funding. That’s as the House gets set to take up the debate next week.
The state Senate approved a plan last week that would boost the gas tax by 15 cents a gallon over three years and shift $700 million from other areas of the budget. It also includes a possible rollback in the state income tax rate. Continue reading →
Governor Rick Snyder has signed the new 54-billion dollar state budget. It has money for roads, schools, prisons, and healthcare. But a solution on funding road repairs remains elusive.
Governor Snyder says voters sent a message when they rejected Proposal One last month, and that was for the state to come up with the money to fix roads. The new budget has some stop-gap funding, but falls far short of the 1.2 billion dollars in new revenue that he’s called for. Continue reading →
A plan to boost road funding by about a billion dollars a year has cleared the state House. The Republican proposal relies mostly on shifting existing funds in the state budget instead of significantly raising taxes.
State House Speaker Kevin Cotter unveiled the plan after the historic failure of Proposal One. He says voters want the Legislature to prioritize existing revenues to help fix the roads. Continue reading →
Republican state lawmakers are looking to drivers of electric and hybrid vehicles as a potential source of more road funds. But environmental groups say now is not the time to make alternative fuel cars more expensive.
Electric and hybrid vehicles are already more expensive than fossil-fuel-powered cars and trucks, which also means higher sales taxes and registration fees. Continue reading →
A special state House committee has begun deliberations on how to find more than $1 billion for roads and transportation. That’s after voters overwhelmingly said “no” to the Legislature’s last plan on the May ballot.
House Republican leaders say they want a solution in hand in less than a month. They say the plan is to search for savings and efficiencies before tackling the tougher questions about raising revenue. Continue reading →