Center Experts Cited on Detroit Bailout

Plan is unfair to state taxpayers

Statewide and national media quickly turned to Mackinac Center experts for an analysis of why Gov. Rick Snyder’s $350 million bailout for Detroit is wrong.

Fiscal Policy Director Michael LaFiave was cited in both an article and editorial in The Detroit News, as well as in MLive and Crain’s Detroit Business. LaFaive also discussed the issue on "The Tony Conley Show" on WILS AM1320 in Lansing.

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Reuters cited this blog post by Jack McHugh, senior legislative analyst, explaining how much the bailout will cost and the fact that the money won't be available for other budget needs.

James Hohman, assistant director of fiscal policy, told The Washington Examiner that the bailout would set a bad precedent, explaining that there are several other Michigan cities that are financially distressed. The Michigan Municipal Employees' Retirement System, which includes about one-third of the state's municipalities, is underfunded by some $3 billion.

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