Paul Bachman is director of research at Beacon Hill Institute for Public Policy Research at Suffolk University. He manages the institute’s research projects, including the development and deployment of the STAMP® model. Mr. Bachman has authored research papers on state and national tax policy and on state labor policy and produces the institute’s state revenue forecasts for the Massachusetts legislature. He holds a Master of Science in International Economics from Suffolk University.

By Paul Bachman

The Projected Economic Impact of Proposal 3 and Michigan’s Renewable Energy Standard

The Mackinac Center for Public Policy recently published with the Beacon Hill Institute “The Projected Economic Impact of Proposal 3 and Michigan’s Renewable Energy Standard,” which addresses Proposal 3, the so-called “25 x 25” initiative, on the Nov. 6,  2012 ballot. The policy brief is authored by David G. Tuerck, Paul Bachman and Michael Head of the Beacon Hill Institute.
The proposed constitutional amendment would mandate a 25 percent renewable energy standard for Michigan by 2025. The policy brief estimates the cost of the mandates using  the State Tax Analysis Modeling Program – or STAMP – to determine the economic impact on Michigan. They determine that the ballot measure would impose higher electricity prices and economic costs than are sustainable or environmentally friendly. … more