Saturday, July 10, 2010

Interesting Tidbits

Interesting information sent via emails to local leaders regarding one of the counties in our state.

"The new (3%) added tax on employees will take $3,000,000.00 out of the local economy.

$3 million dollars that will not be spent at the local grocery stores, restaurants, movie theaters and donations to local charities. [This]County has had one of the highest unemployment rates in the State and now we are going to take another hit. If we here in [this county] are going to lose $3 million, what does that mean for the State of Michigan?"


MEA Response:
"It means more than $200 million out of the state economy (perhaps as much as $300 million according to House and Senate Fiscal’s analysis of the conference report on SB 1227). That’s a fact we need to continue mentioning in our communities going forward…it’s a topic we touched on in the immediate aftermath of the bill’s passage (see attached copy of MEA Votes e-newsletter). I think [this] angle on it is a good one to revisit – especially where lawmakers voted for SB 1227, voters ought to be aware what that vote cost their local economy."

We should be asking, How will this impact Kentwood's economy? So should the businesses in our community!

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