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    Tag: HB5688

    The Lights of Detroit


    By JGillman, Section News
    Posted on Wed Dec 05, 2012 at 11:58:35 AM EST
    Tags: DTERoit, Detroit, HB5688, HB5705, SB0970, Taxes, More Taxes, Michigan, Never Enough (all tags)

    Might shine under a new taxing authority.

    Of course, its not as if there will be anyone to collect from except Obamaphone zombies.

    The City of Detroit for its part must give up a portion of its taxes to guarantee the authority debt. A new authority of course means new high paying jobs for all manner of unqualified cronies:

    "(5) Notwithstanding subsection (4) or any ordinance of a city to the contrary, a city that forms a lighting authority shall pay $12,500,000.00 annually to that lighting authority from the proceeds of the tax authorized under this act. ..."

    Of course the tax rates will have to be allowed to increase.

    Any guesses on how well this plan will work out?

    (2 comments) Comments >>

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