Thursday, September 07, 2017

New Subsidies Show Which Groups Are Important to Lansing Politicians [Michigan Capitol Confidential]

New Subsidies Show Which Groups Are Important to Lansing Politicians [Michigan Capitol Confidential]:
"The state recently approved its latest round of business subsidies, announcing that three companies would receive taxpayer money to create “at least” 1,500 new jobs. 
If history is a guide, few of these jobs will ever materialize. 
But monthly award announcements from the state serve as reminders that there are specific people that state lawmakers care about more about than residents.
Each of these announcements come with a real cost. 
The three companies mentioned in the latest announcement have had $9.75 million in taxpayer dollars dangled in front of them. 
In state budget terms, that’s not much. 
But it’s also a drop in the bucket of the $884 million in business subsidies the state is expected to deliver to favored companies in the upcoming year...."

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