NAVIGATION
|
NEWS TIPS!RightMichigan.com
Who are the NERD fund donors Mr Snyder?Tweets about "#RightMi, -YoungLibertyMI, -dennislennox,"
|
GM closings have Lansing poised to see another steep drop in tax receiptsBy Nick, Section News
This isn't going to make Lansing's budget deficit any more manageable. We knew when the Obama administration announced that this summer it was shuttering thirteen General Motors assembly plants, a lot of folks were going to suddenly find themselves with a lot of time on their hands.
Add 18,000 more to that list. The Associated Press reports that that 23 transmission and parts plants will also be closed during that time to help cut down on excess inventory. The good news? Workers will be affected a heck of a lot less than Lansing.
GM also will pay salaried workers 75 percent of their pay if they are furloughed under a new company policy. I knew I picked the wrong career field. I should have moved to the D when I turned 18 and scrounged up a UAW job. I could go for a summer vacation with nothing to do and a negligible dock in pay. General Motors winds up saving cash on parts and operational expenses, cuts down on excess inventory and the furloughed workers get to catch some rays. Talk about a win-win. Meanwhile, Lansing becomes the Biggest Loser. Which you could read any number of ways. Tough to replenish the state's wad of unemployment cash when workers take home less income directly from their employer, the state cuts a bigger overall unemployment benefits check every month and then sees the legislature vote to extend benefits again. Come August and September, Budget Process 2010 may have Lansing yearning for the good old days of $1.32 billion in red ink. Going to take more than laying off 100 state troopers to balance those books.
GM closings have Lansing poised to see another steep drop in tax receipts | 6 comments (6 topical, 0 hidden)
GM closings have Lansing poised to see another steep drop in tax receipts | 6 comments (6 topical, 0 hidden)
|