Blog categorized as Economy

CRC Says: Income Tax Rollback Good For One Year

04/05/23 09:48 AM - By Team MIRS - Comment(s)
CRC Says: Income Tax Rollback Good For One Year
After Attorney General Dana Dana Nessel issued her opinion that the state income tax rollback would only last one year, the Citizens Research Council of Michigan did its own deep dive into the now-confirmed drop to 4.05% for tax year 2023.

2022 Michigan Population Estimated To Have Declined

04/03/23 05:30 PM - By Team MIRS - Comment(s)
2022 Michigan Population Estimated To Have Declined
The population of Michigan dropped by another 3,000 people between 2021 and 2022, according to a population report released today by the Department of Technology, Management and Budget.

Bill Would Require Payday Lending Practices Reporting

03/30/23 01:09 PM - By Team MIRS - Comment(s)
Bill Would Require Payday Lending Practices Reporting
A Rep. Jennifer Conlin (D-Ann Arbor) bill requiring a yearly report on payday lending practices in Michigan was recently introduced in the House.

Palisades Looking For $300M From State To Reopen

03/24/23 06:28 AM - By Team MIRS - Comment(s)
Palisades Looking For $300M From State To Reopen
The Gov. Gretchen Whitmer administration is being asked to spend $300 million to cover the costs of reopening the Palisades nuclear power plant in Van Buren County's Covert Township, MIRS has learned.

Bank Collapses Are Common, Investor Fear Is The Real Danger

03/22/23 03:49 PM - By Team MIRS - Comment(s)
Bank Collapses Are Common, Investor Fear Is The Real Danger
The Silicon Valley Bank and Signature Bank collapses themselves didn’t present a threat to the economy, but investors' fear of losing money is a real threat.