Arbor Update

Ann Arbor Area Community News

Taxes, Transportation, and Michigan's Economy

15. November 2004 • Murph
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The Detroit News discusses barriers to Michigan’s economic growth; their article Taxes key to Michigan job growth cites a setback from the growth of the 1990s,

Recent tax increases, cuts in education funding, crumbling roads and bridges, decaying cities—all made worse by a four-year economic downturn—have convinced some economists that the state is growing less able to compete for jobs as other states and nations get stronger. Statistics support that fear.

. . .

Lawmakers and Gov. Jennifer Granholm’s administration will tackle many key issues next year, beginning with reform of the state’s antiquated business tax system and potentially including steps to graduate more college students and keep them in the state.

The article is accompanied by Formula for progress, a list of ten actions seen as essential to Michigan’s recovery.