A state House committee will go to work this morning on legislation that would make some big changes to teachers’ retirement benefits. Rick Pluta reports:
The state manages the school employees’ pension fund. Governor Rick Snyder says the system is under-funded. He wants the Legislature to enact a plan to make sure it doesn't require a taxpayer bailout years down the road. Teachers’ unions say the governor is overstating the liabilities on the system. They say Republicans are using the numbers to force more costs onto school employees. One of the proposed changes would end retiree health care insurance for new hires.
Republican State Senator David Robertson wants to end what he calls a form of double taxation on new car sales. Michigan Radio’s Tracy Samilton reports:
Currently in Michigan, when you apply the trade-in value of your old car to the purchase price of a new car, you pay sales tax on the entire price of the new car. Sen. David Robertson says that's not fair. He says most states only tax people on the difference between the value of the trade-in and the new car. Changing the tax means the state would lose $250 million in tax revenue a year, so he's proposing to phase in the tax change over six years.
Mayors Say ‘No’ to Occupy Groups
Two Michigan mayors who supported Occupy Wall Street protestors in their cities last year say they won't allow encampments on city property this year. “Lansing Mayor Virg Bernero says Michigan's capital city won't let protestors stay in a downtown park past closing time. Ann Arbor Mayor John Hieftje agrees. ‘We wouldn't tolerate tents in our parks or people sleeping overnight. It was a special circumstance, it was a one-time thing,’ Hieftje explains. With warm weather in full swing, Wall Street protestors are expected to make a return,” the Michigan Radio Newsroom reports.