There is a legitimate role for bond financing in road construction and maintenance, but that is to accelerate construction, not as a source of funding. Without a new revenue stream to finance the debt, the state would only be borrowing against future revenue, the guest author writes.
A new report shows over $2 billion in potential General Fund revenue will be diverted or dedicated to other promised programs by 2023. Add an economy that will inevitably cool, and Michigan will soon be facing serious budget challenges.
Taking a more regional approach to local government would improve the efficiency and economics of service delivery. Counties are in a better position to drive technology, elections, tax assessments and other back office functions.