revenue

Politics & Government
7:15 am
Wed May 22, 2013

In this morning's news: Lansing debating surplus, hospital merger sacked, carmakers won't shutdown

Morning News Roundup, Wednesday, May 22, 2013
User: Brother O'Mara Flickr

Policymakers debate how to spend surplus

The debate continues in Lansing over how the state should spend almost half a billion dollars in unexpected revenue this year. The Michigan League for Public Policy believes that because the state’s Earned Income Tax Credit is less than a third of what it was a couple years ago, legislators should restore the credit for the working poor.

"A spokesperson for state House Democrats says they support the idea of using some of the money to restore the Earned Income Tax Credit. However, Governor Rick Snyder says a similar tax credit from the federal government does enough to help working poor families in Michigan. He wants to use the extra cash to fix roads," Michigan Radio's Jake Neher reports.

Merger between Beaumont and Henry Ford sacked

The planned merger between Beaumont and Henry Ford health systems, two of southeast Michigan’s largest health care providers, has been scrapped. The leaders of each hospital signed a letter of intent to merge last fall, but negotiations didn’t work out so well. On Tuesday, Henry Ford CEO Nancy Schlichting sent a letter to employees, indicating they’ll end talks and let the agreement expire.

“It became apparent that two very different perspectives have emerged for the new organization between Henry Ford and Beaumont,” Schlichting wrote. Michigan Radio's Sarah Cwiek has more.

Rising car sales cut plant shutdowns

Summer vacation will be cut short for auto factory workers in Michigan this year, as carmakers try to keep up with heightened demand. Detroit automakers plan to reduce their annual shutdowns at dozens of North American plants that produce popular Ford and Chrysler models.

“This sends a strong signal that the industry is in a healthy place,” Jeff Schuster, senior vice president of forecasting at market researcher LMC Automotive, told The Detroit News.

Politics & Government
7:26 am
Wed May 15, 2013

In this morning's news: Medicaid reform, unexpected revenue for the state, and changes in Detroit

Morning News Roundup, Thursday, Oct. 13, 2011
User: Brother O'Mara Flickr

Controversy of Medicaid reform is being debated

A bill is being debated in the Michigan house to reform Medicaid in the state.

"The federal government is offering to pay for an expansion of Medicaid that would add hundreds of thousands of Michiganders to the program. But Republican leaders in the state Legislature say they're not willing to expand the system without major changes." Michigan Radio's Jake Neher reports.

Michigan projected to get $542 million more than expected

The state of Michigan is projected to get nearly half a billion dollars more than expected in revenue.

"The state’s economic measurements remain mixed. Michigan still has one of the nation’s highest jobless rates. But Governor Snyder says improving revenue is evidence of confidence in the state’s economy," Michigan Radio's Rick Pluta reports.

The governor has suggested using the surplus to draw down federal transportation dollars, or cover a Medicaid shortfall.

Changes are imminent in Detroit

As of yesterday, Mayor Dave Bing will not be running for re-election, James Craig has been appointed Detroit Chief of Police, and more than half the incumbents on the Detroit City Council will not be seeking another term. The general elections will be held on November 5th. The Detroit News has more.

Economy
5:20 pm
Mon February 25, 2013

Stateside: What does the 'sequester' really mean for Michigan?

What the sequester means for Michigan
whitehouse.gov

The following is a summary of a previously recorded interview. To hear the complete segment, click the audio above.

The term "sequester" is being tossed around all over the news and in Washington D.C. this week, but what does that mean for Michigan?

Read more