Agency: Michigan to Get $422M Less than Expected

By: Associated Press
By: Associated Press

LANSING, Mich. (AP) -- Economists are projecting that the state of Michigan will collect about $873 million less in revenue this budget year and next than was projected earlier in the year.
Tuesday's estimate is one of three that Gov. Rick Snyder's administration and budget experts will use to reach a consensus later in the week. But it's not good news for lawmakers hoping to finalize the next budget in coming weeks.
The nonpartisan House Fiscal Agency projects that Michigan will take in $422 million less than expected this fiscal year and $451 million less in the year starting in October. In January, economists agreed the state had a $1 billion surplus over three fiscal years.


WILX.com is happy to provide a forum for commenting and discussion. Please respect and abide by the house rules:

Keep it clean, keep it civil, keep it truthful, stay on topic, be responsible, share your knowledge, and please suggest removal of comments that violate these standards.

See full commenting rules...
powered by Disqus
WILX 500 American Road Lansing, MI 48911 517-393-0110
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 259138981 - wilx.com/a?a=259138981
Gray Television, Inc.