Government Relations

Governor Snyder's Plan to Jumpstart Michigan's Economy

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Wednesday, 02 March 2011

Governor Snyder recently rolled out his proposed budget before the joint Senate and House Appropriations, Finance and Tax Policy Committee.  In the midst of a 1.7 billion dollar shortfall, Governor Snyder's plan to jumpstart Michigan's economy, and attract businesses to the state include, in part the following:

• Creation of more jobs
• Restructuring the tax and budget systems.
• Elimination of all tax credits.
• Elimination of the Michigan Business Tax and replace with a 6 percent flat corporate tax.
• Implementation of a two-year budget process.
• Reduction of the personal income tax from 4.35 percent to 4.25 percent.
• Taxing of private pensions.
• 15 percent reduction in funding for all state universities.
• Incorporation of flat funding for community colleges.

For a detailed account of the Governor's proposed budget plan, please click here.

Gainful Employment Rule Brings Higher Education Closer to Meeting the Needs of Students, Taxpayers

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Wednesday, 02 March 2011

Last week the House of Representatives passed an amendment that would prevent the Department of Education from implementing a regulation called "gainful employment." The proposed rule would require career education programs - primarily at for-profit colleges - prove that their students are able to pay off the debt they incur after they graduate. Read More.