Chrysler sales rise in April
The company said it sold more than 141,000 vehicles, its best April in four years. It was the 25th straight month that Chrysler posted year-over-year sales gains. Chrysler says its sales were led by the 200 midsize sedan with a 61 percent increase over April of last year. Jeep Wrangler SUV sales were up 35 percent. All major automakers are scheduled to report April sales figures on Tuesday. Sales are expected to slow a bit from the blistering pace of February and March. Auto research site Edmunds.com expects sales to rise 2 percent over April of 2011 to nearly 1.2 million cars and trucks.
Review team to Pontiac school district
Pontiac’s Interim Superintendent Walter Burt says a state review team is coming to his school district to review the district’s finances, The Oakland Press reports. From the Press:
The state is expected to send a review team to the Pontiac school district as school officials struggle to meet the mandatory plan to eliminate a $24.5 million deficit. This step by the state brings the district closer to having a state emergency manager put in place to run district operations. The Michigan Department of Education has been withholding the April 20 state aid of $1.25 million because district officials have not so far been able to satisfy the first year’s part of the three-year deficit reduction plan… Once it reviews district books, the team would make recommendations to the Pontiac Board of Education, which would be expected to give a stamp of approval to carrying out those proposals.
Personal Property Tax rolls on in state Legislature
The effort to phase out Michigan’s tax on industrial equipment is expected to clear a major hurdle this week as a state Senate committee wraps up hearings on the plan. “A vote in the full Senate could come as soon as this week. Manufacturers say Michigan’s tax on industrial equipment, also known as the Personal Property Tax, is a drag on the state’s economic recovery. The Senate plan would eliminate the tax on industrial equipment by 2022. But local governments rely on that revenue to pay for everything from police and fire to parks and libraries. Communities with a lot of factories would be hit hardest by the loss of tax revenue. Local officials complain the phase-out plan does not guarantee they’ll recover all the lost revenue, which would force cuts to services or force local tax hikes to make up the difference,” Rick Pluta reports.