Michigan

What Happens When a City Goes Bankrupt?

08/03/2011
by Kolin Karchon  On August 1st, the city of Central Falls in Rhode Island filed for Chapter 9 bankruptcy protection citing that  “the city’s financial condition has deteriorated to the point where it is insolvent.” The city’s pension plan is expected to run out of assets by October, but city negotiations regarding benefit cuts with current workers...

Baby Come Back: Illinois’s Private Sector Job Loss 3rd Worst in Nation

06/07/2011
Over the past decade, only Michigan and Ohio had worse private sector job growth than Illinois. The Prairie State’s private sector job growth was down 7 percent. That means 363,100 jobs disappeared between April 2001 and April 2011 — that’s equivalent to disappearance of Delaware’s entire private work force.

Because You’re Not Paying Enough In Taxes Already

04/27/2011
by Kristina Rasmussen As Illinois’s service sector grows (accounting for 32 percent of Illinois’s economy in 1977 and 48 percent in 2009), so has the desire to tax it. In 2009, the Illinois Senate tried to expand the state sales tax to a number of services (chimney sweeps, animal shelters, interior design services, and so on),...

Off With the Red Tape: A Business-Friendly Idea Out of Kansas

By Collin Hitt
02/07/2011
Excess red tape hurts business. Where superfluous laws and regulations prevail, businesses and individuals lose out. Kansas knows this, and has developed a plan to jump-start business activity in the Sunflower State: the Office of the Repealer. Last month Kansas Gov. Sam Brownback made good on a campaign promise by establishing the office (Appendix I, available...

Off with the Red Tape

01/31/2011
Excess red tape hurts business. Where superfluous laws and regulations prevail, businesses and individuals lose out.