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Dustin Dwyer · Midwest Memo: A Vote On Chicago’s Infrastructure Plan And Moviemakers Flock To Ohio But Avoid Michigan
April 18th, 2012
Up for a vote Today, Chicago Mayor Rahm Emanuel faces “his biggest City Council meeting to date,” according to the Chicago Tribune. The Council is scheduled to vote on Emanuel’s $7.2 infrastructure plan. A committee narrowly recommended approval at a meeting on Monday.
Tax bump Illinois income tax collections jumped almost 32 percent last year, according to the Chicago Sun-Times. The paper reports it was the second-highest jump in income tax collections in the country.
Making movies in Ohio Ohio legislators are considering a plan to double the cap on film industry tax incentives, from a $10 million cap on incentives to $20 million. A new study says for every dollar spent on Ohio’s incentives, $1.20 comes back to the state, according to the Cleveland Plain Dealer.
Meanwhile in Michigan … The Detroit Free Press reports Michigan’s scaled back film tax incentives plan is attracting far fewer projects. Just nine films applied for the new grants in the first quarter of the year. Those numbers are behind the pace set by 69 applications in the first half of last year.
Getting rid of a tax Partner station Michigan Radio reports Republican lawmakers are looking to phase out the state’s tax on industrial property. People behind the push say the tax drives away investment. Local leaders say the plan won’t fully replace the revenue that’s lost of the taxes go away.