Snyder Unveils User-Friendly State Financial Report

By: Jamie Edmonds Email
By: Jamie Edmonds Email

"We have approximately $2 million in our rainy day fund," Governor Rick Snyder said. "That would allow us to operate, for about a half and hour."

Governor Rick Snyder didn't pull any punches Monday as he addressed a room full of business leaders, laying out the facts of the state's financial status.

"We're spending more than we're taking in, we don't have any reserves, we have no rainy day fund, we're taking on more debt," he said.

The governor was at the Business Leaders for Michigan leadership summit to unveil something new. His user-friendly citizen's guide to Michigan's finances.

"There is no agenda," he said. "The only agenda was to make it simpler for people to understand."

His office worked with an economic group among others to take the state's comprehensive annual financial report -- which is no easy read -- and put it in a format any Michigander could understand.

"An average resident might ask, why should I care?" said Doug Rothwell, the Business Leaders for Michigan president, and chair of the MEDC. "He's taken a 300-page document down to 20 pages with pictures which makes it very clear."

Snyder said he's making good on a campaign promise of government transparency and he urges other local municipalities to follow suit. Snyder said he knows when residents take a look, they most likely will not like what they see.

"I knew how this would turn out," Snyder said, "but that's the reason I wanted to be the governor of this state. Not to walk away from the problem, but to say here are the facts, we're going to solve this problem."

Just how he will solve a $1.8 billion problem this year still remains to be seen, but he said he wanted everyone to know what he's working with.

To review the report go to:

Snyder plans to release his budget on February 17th.

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  • by Ricardo Location: Lansing on Feb 1, 2011 at 11:00 AM
    FINALLY! The new Gov. has put the budget mess in an easy to understand format. And, as I have been saying for years, ALL government employees have been grossly overpaid! Our new Governor can see this, along with anyone that looks at the webpage. Now it is time to roll up his sleeves, and make immediate massive reductions in the number of employees, their wages and benefit packages. Do like the regular citizens must do, and live within realistic means. Thin out these vultures and the budget will balance without trying to bleed the taxpayers for more revenue. Thank you. Ricardo
  • by State Employee Location: Lansing on Jan 31, 2011 at 09:01 PM
    This report has caused me to hesitate in my enthusiastic support for Gov. Snyder. You can't compare minimum wage public jobs to state jobs. This report was put together to show the biggest gap possible not to show things as they are when comparing apples to apples. And it comes after Snyder set some record high salaries in state government for his own staff. If you are going to target a specific group of people for pay cuts, don't contrive stats to make it seem fair. It isnt.
  • by Lynne Location: Grand Ledge, mi on Jan 31, 2011 at 05:01 PM
    Two million/half an hour, finally someone who is willing to tell the truth.
  • by John Location: Lansing on Jan 31, 2011 at 04:44 PM
    The Governor is providing nothing more than what is currently available on the State's website or on the back of state tax returns. The pie chart has not changed. The Governors statement regarding personal income being less now than ten years ago is flat wrong. Personal income is higher than 10 years ago. With respect to state employees being paid 113% more than the private sector, he is again wrong. The Governor has realized he is not correct and is comparing total wages earned in the private sector divided by total emloyees (both full and part time). His figures as he admits do not inculde a comparison or similar jobs, education, or experience all of which are key factors in determining salary. And don't forget Snyder thinks it is okay to bring John Nixon in from Utah as budget director and is paying him $250,000 which is nearly double his predessor and frankly hypocritical. The self proclaimed nerd is doctoring the numbers already.
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