michigan economy: Are We Getting Gouged at the Gas Pump? - 05/24/07 10:28 PM
Are we getting gouged at the gas pump? I certainly have my suspicions. It almost goes without saying that around Memorial Day of every year, gas prices spike in Michigan, just in time for the busy summer driving season. I have been following the gasoline futures (Miny Gasoline Rbob) for at least six months now, and up … (13 comments)
michigan economy: Michigan Tourism Index Down - 05/23/07 01:22 PM
The Michigan Tourism Index for the first quarter of 2007 was down 2.4 percent from the prior year. The Michigan Tourism Index, which is compiled by Comerica Bank, is a quarterly summary of five seasonally adjusted travel and lodging data, including lodging occupancy rates, vehicular traffic, air traffic, Mackinac Bridge crossings, and … (1 comments)
michigan economy: Continental Structural Plastics Closing Petoskey Plant - 04/03/07 09:58 PM
Both the Petoskey and Michigan economies suffered yet another kick to the stomach when Continental Structural Plastics recently announced that it would be closing its Petoskey factory, which currently employs approximately 100 workers. According to company vice president Tom Hillborn, "It's unfortunate but the auto industry in Michigan is moving south … (0 comments)
michigan economy: Governor Granholm's Proposed 2% Service Tax Unpopular - 03/18/07 06:56 PM
A new Detroit Free Press-Local 4 poll shows that Governor Jennifer Granholm's proposed 2% tax on services has only meager support. Only 28% of those polled support the proposed new tax. Even fewer people, 14%, support a 25% increase in the state income tax. However, a majority of those polled did support an increase … (1 comments)
michigan economy: Michigan House Passes Bill to Temporarily Suspend "Pop-Up Tax" - 03/17/07 03:53 PM
The Democratically controlled Michigan House of Representatives recently passed a bill by a 77-31 margin to suspend the so called "pop-up tax" on the sale of a home for eighteen months, with the suspension to be retroactive to March 1st of this year. Under Michigan's Proposal A, the taxable value of a home can rise annually … (3 comments)
michigan economy: Update - State Bar of Michigan Opposes "Misery Tax" - 03/08/07 01:27 PM
The State Bar of Michigan has now stepped into the fray in its opposition to Governor Granholm's ill-advised sales tax on services proposal. They have put together a position statement which clearly articulates numerous reasons why this proposal must be defeated. According to Kimberly M. Cahill, State Bar President, "The proposed tax places an … (3 comments)
michigan economy: Michigan Service Tax Update - 03/05/07 02:55 PM
Governor Granholm's proposed 2% tax on services was introduced in the State Senate last Thursday. Senate Bill 307, introduced by Senator Liz Brater (D-Ann Arbor) includes taxing real estate commissions and other real estate related services. According to the Michigan Association of Realtors, the Governor herself estimates that only six other states … (4 comments)
michigan economy: Michigan Governor Proposes Tax on Realtors! - 02/14/07 12:09 PM
Bulletin - This just in from the Michigan Association of Realtors: "Granholm's Tax on the Real Estate Industry = Pay Cut for Realtors." Yes that's right, folks. Michigan Governor Jennifer Granholm is proposing a sales tax on real estate commissions, along with numerous other services one would use in either building a new home or … (6 comments)
michigan economy: Michigan's Proposal 5 - The K-16 Initiative - 10/23/06 01:13 PM
We all know how fragile Michigan's economy is. Will passage of Proposal 5, which would require the State of Michigan to provide annual funding increases at the rate of inflation to local public K-12 schools, intermediate school districts, community colleges and higher education institutions, wreak havoc on our state budgets, resulting … (1 comments)
Northern Michigan Real Estate news, commentary and market information published by Stefan Scholl, real estate attorney, exclusive buyer agent and broker/owner of Buyer's Broker of Northern Michigan, LLC.
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Are we getting gouged at the gas pump? I certainly have my suspicions. It almost goes without saying that around Memorial Day of every year, gas prices spike in Michigan, just in time for the busy summer driving season.
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