A bill designed to give some relief to Michigan homeowners in financial duress over delinquent tax bills has cleared a major hurdle.
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“It would take 68 years to pay off the debt assuming you incur no further debt – that’s not feasible,” said Orr during the evening meeting.
The DOW Jones Industrial Index started Monday above 14,000 — which marks the first time it’s passed that threshold since before the 2008 financial crisis.
Federal data shows Michigan’s congressional incumbents are dominating their challengers in raising campaign cash, a nonpartisan group said this week.
Michigan’s budget will have about $300 million more this year than predicted in January, a combination of higher-than-expected tax payments and fewer people receiving Medicaid and welfare benefits, according to state economists.
Michigan’s House and Senate fiscal agencies have come out with their revenue estimates for the 2012-2013 fiscal year – and the news isn’t all good.
According to a new University of Michigan report, about one out of every five U.S. households owe more on credit cards, medical bills, student loans and other noncollateralized debts than they have in savings and other liquid assets.