The Craig Fahle Show

Detroit's Future According to Lt. Governor Calley

Thursday, June 05, 2014

Craig speaks with Lt. Governor Brian Calley at the Mackinac Policy Conference about Chase Bank CEO, Jamie Dimon and the banks contribution to Detroit. Calley says Detroit "is a good investment". Among other things, Calley discusses his support of Proposal One which needs voter approval. It "would reorganize the state use tax into a state share tax and local community stabilization share tax. The two share taxes would be levied on the use, storage and consumption of 'tangible personal property' used for business purposes at no more than a total combined rate of 6%. The measure would create a community stabilization share from share tax revenue and distribute revenue to school districts and local governments for certain purposes, such as fire protection, police officers, and ambulances services"