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Michigan lottery, gambling and cigs taxes plummet, Gov. Granholm says decline is "breathtaking".
mlive.com ^ | March 11. 2009 | Peter Luke

Posted on 03/12/2009 11:32:18 AM PDT by mombyprofession

by Peter Luke | Lansing Bureau Wednesday March 11, 2009, 6:54 PM

LANSING -- Michigan residents bought fewer Michigan lottery tickets, cigarettes, clothes, restaurant meals and household goods, as they saw the stock market plummet and the economic outlook darken.

The sharp pullback in consumer spending sent sales tax receipts downward 18 percent in February, or more than $100 million. It will force Gov. Jennifer Granholm and lawmakers to cut the budget more, agree on tax increases or use more of the federal economic stimulus money to balance the state's books.

It was the steepest monthly decline in 25 years.

Overall revenue declines total $200 million from forecasts made just seven weeks ago.

Since income tax receipts from paycheck withholding were pretty flat in February, economists say concerned consumers may be putting away their credit cards and spending less.

"The big reason revenues are tanking is that consumers are negative and they're saving their money," Senate Fiscal Agency economist David Zin said Wednesday. "We thought consumers would ratchet up the savings and they've done so even more than we thought."

Also down were tax receipts on specific forms of discretionary spending, according to the agency's new revenue report. Tobacco tax receipts were down 6.7 percent and casino wagering taxes were down 7 percent. Michigan Lottery ticket sales dropped nearly 19 percent. One factor that explains some of the decline from a year ago was that February 2008 provided a 29th day of sales.

Tax collections from the sale of real estate are down 42 percent from a year ago. While the focus of the state's economic woe is the auto sector, sales tax receipts from car sales actually climbed 15 percent last month.

(Excerpt) Read more at mlive.com ...


TOPICS: Business/Economy; Government; US: Michigan
KEYWORDS: business; government; haha; jennygrandstand; michigan; michighanistan; pufflist
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1 posted on 03/12/2009 11:32:18 AM PDT by mombyprofession
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To: mombyprofession

Granholm’s failures are only exceeded by her inherent stupidty.


2 posted on 03/12/2009 11:33:35 AM PDT by Badeye (There are no 'great moments' in Moderate Political History. Only losses.)
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To: mombyprofession

“Well, lets tax em’ more”.


3 posted on 03/12/2009 11:33:50 AM PDT by Signalman
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To: mombyprofession

Not quite as “breathtaking” as Granholm’s stupidity.


4 posted on 03/12/2009 11:33:58 AM PDT by PBRSTREETGANG
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To: mombyprofession

“duh” seems appropriate


5 posted on 03/12/2009 11:34:17 AM PDT by F15Eagle (1 John 5:4-5, 4:15, John 11:25, 14:6, 1 Tim 2:5, John 3:17-18, John 20:31, 1 John 5:13, John 6:69)
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To: mombyprofession

...this woman heads Obama’s “Economic Recovery” panel (or whatever he called it...)


6 posted on 03/12/2009 11:34:51 AM PDT by Tzimisce (http://groups.myspace.com/nailthemessiah)
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To: PBRSTREETGANG

Malt liquor sales remain strong!


7 posted on 03/12/2009 11:35:57 AM PDT by Dr. Ursus
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To: mombyprofession

LOL. He should take the public school kids to gambing places and get them smoking young


8 posted on 03/12/2009 11:37:22 AM PDT by sickoflibs (Keynesian Eco 101 : "If you won't spend your money WE WILL, and your kid's too!")
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To: mombyprofession

Are Michigan voters the dumbest in the USA yet?

Look at Detroit, use to have what 1.5 million people and now it`s about 800,000 residents.

What a s**t-h**e of a State.


9 posted on 03/12/2009 11:37:25 AM PDT by Para-Ord.45
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To: Dr. Ursus

Bath tub gin will make a comeback—LOL!


10 posted on 03/12/2009 11:37:26 AM PDT by basil ( It's time to eliminate all "Gun Free Zones")
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To: Bobkk47
Pretty sad that a failed Governor like Granholm could lecture Sanford on jobs and get away with it.
11 posted on 03/12/2009 11:37:33 AM PDT by exist
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To: mombyprofession

Instead of “Hail to the Chief”—Jenny takes the stage to “I’m So Ronery”....


12 posted on 03/12/2009 11:37:57 AM PDT by Mac from Cleveland (How to make a small fortune in the Obama era--first, start off with a big fortune....)
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To: mombyprofession
hahahahaha

Those houses being bought for $1... was that a myth?? I'd hate to see the hood its in

13 posted on 03/12/2009 11:38:17 AM PDT by GeronL (....and I won't let it happen again!)
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To: Badeye

she is so dumb that she isn’t even good at being stupid


14 posted on 03/12/2009 11:38:54 AM PDT by GeronL (....and I won't let it happen again!)
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To: GeronL

They’re selling for that because it will cost more to raze them than the land is worth post-razing.


15 posted on 03/12/2009 11:39:15 AM PDT by MrB (The 0bamanation: Marxism, Infanticide, Appeasement, Depression, Thuggery, and Censorship)
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To: mombyprofession
Michigan lottery, gambling and cigs taxes plummet, Gov. Granholm says decline is "breathtaking".

Vice taxes not working. Governor suggest taxing virtue. 10% tax proposed on savings, charity, and Bible sales. < /sarc, for now>

16 posted on 03/12/2009 11:39:39 AM PDT by KarlInOhio (Obama: removing the speed limit on the Road to Serfdom)
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To: mombyprofession

they should double taxes on all those things and then announce they are going to spend $250 billion they don’t have. That should boost the economy!!


17 posted on 03/12/2009 11:40:44 AM PDT by GeronL (....and I won't let it happen again!)
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To: KarlInOhio

Atlas Shrugged


18 posted on 03/12/2009 11:41:12 AM PDT by MNlurker
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To: MrB

must be such nice neighborhoods!


19 posted on 03/12/2009 11:41:27 AM PDT by GeronL (....and I won't let it happen again!)
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To: GeronL

Yep. Wearing glasses doesn’t change the fact she’s enacted liberal economic theories that were discredited in the 1970’s, that have done what most thought was impossible.

Made the economic situation in Michigan EVEN WORSE than it was the day she was elected.

And yet, the Democratic Party keeps trotting this airhead out as a ‘expert govenor’ as they did just this morning on MSNBC.....


20 posted on 03/12/2009 11:41:49 AM PDT by Badeye (There are no 'great moments' in Moderate Political History. Only losses.)
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To: mombyprofession

Just wait until the Big Three collapse. They’ll have to dust off that billboard from Seattle and take it to Michigan.


21 posted on 03/12/2009 11:42:23 AM PDT by AlaskaErik (I served and protected my country for 31 years. Democrats spent that time trying to destroy it.)
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To: mombyprofession

Wait just a minute you two-bit excuse for a Governor! Michigan is a UNION paradise, a LIBERAL paradise, owned and operated by Democrats for the last 45 years. Yet Detroit is a bombed out Dresden look-alike, the car manufacturers are out of business, the school drop out rate is beyond belief, taxes are absurdly high, and YOU’RE RESPONSIBLE you pathetic HAG!


22 posted on 03/12/2009 11:43:19 AM PDT by Doc Savage ("Are you saying Jesus can't hit a curve ball? - Harris to Cerrano - Major League)
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To: mombyprofession

Who says ‘slight’ tax increases do not affect behavior?

Still, I do not think the fools will get the message.


23 posted on 03/12/2009 11:43:31 AM PDT by griswold3 (a good story is more compelling than the search for truth)
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To: mombyprofession
Obama cigarette stimulus plan

24 posted on 03/12/2009 11:44:19 AM PDT by evets (beer)
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To: mombyprofession

They could start taxing sex. Every male will be mailed a STOKE O METER. .10 cents per stroke.


25 posted on 03/12/2009 11:45:18 AM PDT by GUNGAGALUNGA
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To: mombyprofession

i used to think this canadian socialist feminazi was just a typical libtard, but it is far worse than that...clinical progression is idiot, imbecile, moron...this piss poor excuse for a thinking human being could not even begin to operate on the moron scale...hell, if breathing was not an involuntary reflex, she would die outright..... and yes, i am now blown away!!!!


26 posted on 03/12/2009 11:45:38 AM PDT by joe fonebone (When you ask God for help, sometimes he sends the Marines.)
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To: mombyprofession

America is stuck with a Kenyan. Michigan is stuck with a Canadian


27 posted on 03/12/2009 11:45:52 AM PDT by dennisw (0bomo the subprime president)
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To: Para-Ord.45

State? I thought it was the islamic province of Canada. Can you say “house of cards”, boy and girls?


28 posted on 03/12/2009 11:45:59 AM PDT by Emmett McCarthy
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To: mombyprofession

Wait until the Federal SCHIP taxes kick in on April 1st and the price for a pack of cigs goes up $.61. Smokers will cut back even more and all states will collect less in tobacco taxes.


29 posted on 03/12/2009 11:50:29 AM PDT by gieriscm (07 FFL / 02 SOT - www.extremefirepower.com)
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To: basil; Dr. Ursus

Next, I bet they decide to repeal any laws that allow home brewing.


30 posted on 03/12/2009 11:50:31 AM PDT by Betis70 (Go UConn)
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To: mombyprofession

I’ll take ‘How To Tell People Are Fleeing Your State’ for $100 Alex.


31 posted on 03/12/2009 11:51:10 AM PDT by Justa
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To: mombyprofession

My cigarettes in the Socialist Republic of New Jersey are now over $9.00 per pack.


32 posted on 03/12/2009 11:51:25 AM PDT by DogBarkTree (Sometimes you have to let it go in order to get a Grip.)
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To: Badeye

Michigan is their vision of success.... permanent liberal empowerment


33 posted on 03/12/2009 11:51:26 AM PDT by GeronL (....and I won't let it happen again!)
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To: mombyprofession
It will force Gov. Jennifer Granholm and lawmakers to cut the budget more, agree on tax increases or use more of the federal economic stimulus money to balance the state's books.

OMG!! REDUCE SPENDING!!! Not a chance that will be the first option. Raise taxes on the "wealthy" - that is always a good vote getter

34 posted on 03/12/2009 11:52:05 AM PDT by from occupied ga (Your most dangerous enemy is your own government,)
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To: mombyprofession

cut the budget more, agree on tax increases or use more of the federal economic stimulus money to balance the state’s books..Once out of 3 ain’t bad..just kidding/sarc.


35 posted on 03/12/2009 11:53:58 AM PDT by JSDude1 (R(epublicans) In Name Only SUCK; D(emocrats) In Name Only are worth their weight..)
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To: mombyprofession; Republican Extremist; Boucheau; betsyross60; kalee; shezza; fanfan; wfu_deacons; ..
STARVE THE BEAST!

Atlas is beginning to shrug...

36 posted on 03/12/2009 11:56:24 AM PDT by jellybean (Who is John Galt? ~ Bookmark http://altfreerepublic.freeforums.org for when FR is down)
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To: KarlInOhio

Vice taxes not working. Governor suggest taxing virtue. 10% tax proposed on savings, charity, and Bible sales. < /sarc, for now>

you mean quran sales...


37 posted on 03/12/2009 11:56:46 AM PDT by ari-freedom (Hail to the Dork!)
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To: basil

I wish. I’m using my bath tub for cheese making!


38 posted on 03/12/2009 11:56:58 AM PDT by Dr. Ursus
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To: ari-freedom

” It will force Gov. Jennifer Granholm and lawmakers to cut the budget more, agree on tax increases or use more of the federal economic stimulus money to balance the state’s books. “

Wait a second. I thought that stimulus money could not be used as an operating expense.


39 posted on 03/12/2009 11:59:06 AM PDT by EQAndyBuzz (“Are you better off than you were a month ago?”)
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To: mombyprofession
While the focus of the state's economic woe is the auto sector, sales tax receipts from car sales actually climbed 15 percent last month.

Mostly Hondas and Toyotas.

40 posted on 03/12/2009 11:59:21 AM PDT by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
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To: jellybean

Buy Nothing Until This Guy’s Gone


41 posted on 03/12/2009 11:59:57 AM PDT by MrB (The 0bamanation: Marxism, Infanticide, Appeasement, Depression, Thuggery, and Censorship)
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To: mombyprofession

Here’s hoping NY is next.
Stopped buying lottery tickets a long time ago, hitting the casino is a rarity and we buy smokes on the reservation for 9.50 a carton.
NY isn’t getting an extra dime in taxes out of us if we can help it.


42 posted on 03/12/2009 12:00:39 PM PDT by AirForceMom (Locked and loaded, and sharpening my pitchfork.)
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To: grellis

Ping.


43 posted on 03/12/2009 12:01:25 PM PDT by Springman (Rest In Peace YaYa123)
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To: mombyprofession
It will force Gov. Jennifer Granholm and lawmakers to cut the budget more, agree on tax increases or use more of the federal economic stimulus money to balance the state's books.

Somehow, I know which of the three choices will be taken.....

44 posted on 03/12/2009 12:02:19 PM PDT by Red Badger (The Zero has more Chicago Bull than Michael Jordan...................)
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To: GeronL

I’d hate to see the hood that’s in it!...........................


45 posted on 03/12/2009 12:03:11 PM PDT by Red Badger (The Zero has more Chicago Bull than Michael Jordan...................)
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To: griswold3

Tobacco revenues being down does not indicate less people are smoking. Many may have cut down but they are still smoking. The high tobacco taxes also have created a huge black market. Most of the loss is with the big cigarette makers which all states are all in partnership through the Master Settlement Agreement. The MSM funds are now down in the tens of millions a year in states similar in size as Michigan. Most of this nonsense comes out of the “political correctness” class. Tax the hell out of “political correctness”. The PC crowd are all for taxing and spending other peoples money. If they were given a choice to belly up to the bar and pay, or go away, they would go away!


46 posted on 03/12/2009 12:03:20 PM PDT by nd2bfree
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To: DogBarkTree

Move to Florida! You can get cancer much cheaper here!..................


47 posted on 03/12/2009 12:04:45 PM PDT by Red Badger (The Zero has more Chicago Bull than Michael Jordan...................)
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To: gieriscm

Amen to that!! .6166 federal and .35 state here in KY. I quit. I’m suffering, but I quit.


48 posted on 03/12/2009 12:05:07 PM PDT by borntobeagle (April 1st....sin taxes are thrown away..excuse my nicotine rants!!)
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To: mombyprofession

Well, there are fewer Michigan residents, right?


49 posted on 03/12/2009 12:05:37 PM PDT by alarm rider ("We laugh at honor, and are shocked to find traitors in our midst" C.S. Lewis)
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To: Para-Ord.45

Are they the dumbest? That would be an interesting poll - MI, MA, IL, or CA.


50 posted on 03/12/2009 12:05:42 PM PDT by uncommonsense
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