While all the potential effects of Proposal 2 cannot be anticipated, there are, as discussed above, several laws that would no doubt be superseded under the proposal. These laws are scheduled to save Michigan taxpayers at least $1.6 billion per year.
Because of Proposal 2’s considerable scope, this estimate is by no means an exhaustive accounting of Proposal 2’s possible financial burdens. The following is a cost breakdown of current and predictable taxpayer savings revoked if Proposal 2 passes.
* Most of this section has already been published. See James M. Hohman and F. Vincent Vernuccio, “$1.6 Billion in Savings Lost Under Prop 2,” (Mackinac Center for Public Policy, 2012), http://www.mackinac.org/17534 (accessed Sept. 25, 2012). The text appearing here is a lightly edited version of the earlier publication.