Tagged: morning news roundup

So-Long Price Tags

Retailers will no longer have to put price tags on almost every individual item they sale. Governor Snyder signed a bill yesterday that repeals the requirement. Michigan was the only state in the country to have such sweeping price tag laws, Rick Pluta reports. Item-pricing was popular with much of the public. The law just signed by the Governor has a provision that makes sure the new law cannot be reversed by a citizen referendum, Pluta reports.

Shared Sacrifice Among Lawmakers

Republican state Senator Rick Jones has introduced a bill that would require state legislators to pay 20 percent of their health insurance premiums. With the state facing a $1.4 billion budget deficit in the coming fiscal year, Governor Snyder wants state employees to  pay 20 percent of their health care insurance and, so, Senator Rogers thinks state lawmakers should have to do the same. Senator Jones has also introduced a bill to alter the lifetime health insurance that legislators receive after serving only six years, calling it “obscene,” Tracy Samilton reports.

Price of Homes Continues to Fall

Homes values in Metro Detroit declined to a new low in January. From the Detroit News:

Among the 20 major cities surveyed for the S&P/Case-Shiller Home Price Index, Detroit ranked last with an index of 66.02. The region's previous low was 66.47 in December. Case-Shiller uses home values from January 2000 as a starting point of 100 — anything higher shows a gain, and anything lower is a loss. Compared with other major cities, Detroit is much lower.

According to Home Price Index, home values in Metro Detroit are the lowest since 1993.

Presidential Visit

President Obama will visit Northern Michigan University in Marquette today. He’ll be in the Upper Peninsula to promote his administration’s National Wireless Initiative. The program, first announced during last month’s State of the Union Address, would bring high speed wireless internet access to 98 percent of the nation’s population within five years. The initiative is part of the White House’s new focus on innovation and competitiveness as a way to, “win the future.”

Snyder to Outline Budget Next Week

Governor Rick Snyder will unveil his budget proposal for the fiscal year that begins October 1st, next Thursday, February 17th. The state faces a projected $1.8 billion dollar budget deficit for the next fiscal year. “Snyder says he plans to ask lawmakers to wipe out billions in business tax exemptions… Lt. Gov. Brian Calley told the Holland Chamber of Commerce on Tuesday that the administration is counting on $2 billion from such cuts,” The Associated Press reports.

Profit-Sharing Check Going Out to GM Workers

Some 45,000 General Motors’ workers are expected to receive profit-sharing checks from the automaker. The company will release the amount of the checks soon, Mark Brush reports. It’s being reported the checks will be at least $3000 each. Other automakers are also sharing the wealth: Ford announced profit-sharing checks of more than $5000 and Chrysler is giving its workers $750.

Kids Count

A new report published by the Michigan League for Human Services shows there has been an increase in child abuse and neglect cases in the state. The annual Kids Count report also shows an increase in the number of children living in poverty. There are, however, some bright spots in the report that show a continued decline in teen births and high school dropout rates.

Mayor Bing Announces Residential Incentives

Detroit Mayor Dave Bing announced a new incentive program yesterday to get more Detroit police officers to live within the city. The project’s pilot phase will give officers the chance to buy a tax-foreclosed home and to be eligible to receive federal funds to restore them, Sarah Cwiek reports. Currently, fewer than half of the city’s police force live in Detroit.

Flint Looks to State for Help

The city of Flint, currently facing a multi-million dollar budget deficit, has applied for state permission to get a $20 million fiscal stabilization bond. Flint mayor Dayne Walling says the city needs the money to help keep the city afloat. If the city doesn’t get the funds, the state may eventually takeover Flint’s finances, Steve Carmody reports.

Presidential Visit

President Obama will visit Marquette in Michigan’s Upper Peninsula on Thursday to talk about the national wireless initiative. In a press release, the White House says:

In his State of the Union Address, the President called for a National Wireless Initiative to help businesses extend the next generation of wireless coverage to 98 percent of the population.  The next generation wireless network in Marquette is an effective demonstration of how the President’s proposal to open up airwaves will spark new innovation, put people back to work, grow the economy and help America win the future.