Audit Shows Companies Falling Short of Promises

By: Associated Press
By: Associated Press

A new audit finds that some companies given hundreds of thousands of dollars in state tax credits in Michigan didn't always live up to their agreements on how much they would pay workers.

The Michigan auditor general's report released Monday covered the period of Jan. 1, 2005 through August 2009.

It says the Michigan Strategic Fund allowed companies to estimate the wages they would pay workers over an entire year rather than requiring them to meet agreed-to weekly average wage requirements.

It also says procedures to audit tax credits awarded by the Michigan Economic Growth Authority weren't effective. MEGA and the Strategic Fund are overseen by the Michigan Economic Development Corp.

MEDC says it largely agrees with report and found the recommendations valuable.

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  • by Anonymous on Apr 27, 2010 at 09:33 AM
    Big promises, big tax breaks, big donation to political party. We all know how it works in Michigan.
  • by Anonymous on Apr 26, 2010 at 08:34 PM
    hey I bet they hired temps. what a shocker. happens all the time. Im not surprised!
  • by Anonymous on Apr 26, 2010 at 01:42 PM
    Our fine state government at work again, and as to the businesses involved seems to me they need to pay back the money they took under fase pretenses. I am really fed up with the liers and cheats that we support and the fact that the government sits there going da!
  • by Jack Location: Jackson on Apr 26, 2010 at 01:21 PM
    Sounds like the companies are just following the example of Congress in keeping their promises.
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