© 2024 Michigan State University Board of Trustees
Public Media from Michigan State University
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
TECHNOTE: 90.5 FM and AM870 reception

Governor reacts to revenue estimates

By Laura Weber, Michigan Public Radio Network

LANSING, MI –
Budget officials say the state is on track to bring in about $430 million more in tax revenue than estimated at the beginning of the year. The state officials met today at the state Capitol in an annual revenue estimating conference.

Governor Rick Snyder told the Grand Rapids Economic Club that it's good that Michigan's economy is on the road to recovery. But, he also says

"That doesn't mean you should spend all that money," he says. "Just because the money's there - that's the broken flaw of Lansing today, is it's too much about funding and not enough about results. We were hired to bring real results for real people; you. We weren't hired to simply pull out a check book and spend money."

Snyder says he thinks the additional funds could be used to fill proposed cuts to K-12 education. But he also wants to pay down debt, and put more money into the state's "rainy day" savings."

To help strengthen our local reporting as WKAR's fiscal year ends, we need 75 new or upgraded sustainers by June 30th. Become a new monthly donor or increase your donation to support the trustworthy journalism you'll rely on before Election Day. Donate now.