The Longmont Association of REALTORS® retained Anderson Economic Group to conduct a study on the impact of metropolitan districts on housing costs in Colorado. Metropolitan districts are units of local government that have the authority to issue municipal bonds and provide government services. In Colorado, housing developers often establish metropolitan districts to finance public infrastructure […]
The Akron Cleveland Association of REALTORS® retained Anderson Economic Group to conduct a study of housing affordability in Akron. To frame housing affordability trends in Akron, we identified trends in housing affordability across the United States and found that housing affordability nationwide has improved since the Great Recession, but a large proportion of low-income and […]
The Ohio Association of REALTORS (OAR) commissioned AEG to estimate the potential impact of a proposed first-time homebuyer savings account (FHSA) program in Ohio that would allow residents to deposit and withdraw funds from a tax-sheltered savings account as long as those funds are used to purchase a home. To determine the economic impact of […]
Anderson Economic Group was retained by Fermilab to study the economic and fiscal impact on Illinois. This report demonstrates a significant impact on the particle physics and accelerator laboratory’s home state of Illinois. The findings, based on FY 2018 data, show an economic impact on the state totaling $452 million. The lab’s activities also created […]
In 2015, the National Federation of Independent Business (NFIB) commissioned Anderson Economic Group to produce a memorandum describing and quantifying the state and local tax burden and underlying trends for small businesses in Michigan. In 2019, as a new governor and legislature came into power, NFIB commissioned Anderson Economic Group to update this memorandum using […]
The Michigan Association of United Ways and the Community Economic Development Association of Michigan commissioned Anderson Economic Group to analyze the economic benefits to local economies of the Earned Income Tax Credit (EITC) in Michigan. This report builds upon our two previous reports and uses new data to estimate the usage of the EITC among low-income households, and the net economic impact by county due to new spending from EITC refunds.
The Michigan Catholic Conference (MCC) commissioned Anderson Economic Group (AEG) to update our 2002 report A Hand Up for Michigan Workers: Creating a State Earned Income Tax Credit. The MCC commissioned the original report to provide policymakers with the necessary data and analysis to make a decision regarding the creation of a Michigan Earned Income Tax Credit (MEITC). The MCC supported the passage of a state EITC and has advocated for the refundable tax credit as a way to help families work their way out of poverty.
Since the release of the original report, the Michigan Legislature passed and Governor Jennifer Granholm signed into law the MEITC. The credit will go into effect beginning in tax year 2008. In this report we explain how the MEITC will work, the rationale for having a state EITC, and estimate the likely cost of the MEITC to the state using information not available in 2002.