State Budget Surplus Larger Than Expected

"Senate experts say Michigan could have a $739 million surplus in the current budget year."

Michigan could take in $542 million more in revenue than projected 4 months ago.
That's according to a report Monday from the nonpartisan Senate Fiscal Agency. It's good news for lawmakers and Gov. Rick Snyder as they work to finalize a state budget for the fiscal year starting in October.
Senate experts say Michigan could have a $739 million surplus in the current budget year. The extra money could be used to boost spending, lower taxes or be socked away in savings.
The Snyder administration and economists are meeting Wednesday to agree on budget figures. The House Fiscal Agency and state treasurer also will put out revenue projections for the meeting.
Legislators aim to pass the next budget by June, though sticking points remain over Medicaid expansion and road funding.

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  • by mike Location: lansing on May 14, 2013 at 09:20 AM
    Every time we get trouble,verg & who ever wants to get money from us,then guess what they find a surplus,what the hell is up with that. People wake up its almost that time,to,VOTE.
  • by A. Teacher Location: Lansing on May 14, 2013 at 03:49 AM
    Get that school system back open! You know, the one where they laid off the teachers and locked the doors...Come on, Snyder, Wake the H#% UP!!
  • by Anonymous on May 13, 2013 at 08:01 PM
    or maybe we could use it TO FIX OUR SCHOOLS!!!!!!!!!! YOU WONDER WHY KIDS DON'T GRADUATE!?
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