By Tom Gantert | Michigan Capitol Confidential
While some are pitching a storyline in Detroit of a bankrupt city in need of more revenue, the city already collects hundreds of millions of dollars in taxes that no other city can.
The state allows only Detroit to collect a “utility users’ tax” and a casino “wagering tax” that combined accounted for $221.4 million in revenue in 2012.
Despite that, Gov. Rick Snyder is pitching a $350 million bailout for Detroit. A recent poll shows the bailout to be unpopular among voters, particularly Republicans and independents.
at Michigan Capitol Confidential.