Michigan budget

Lansing — Debate in the Legislature is heating up over whether the state should try to renege on its commitment to a portion of the $9.38 billion in tax credits owed to some of Michigan’s biggest employers during the next 16 years. The looming cost of tax credits mostly used to keep jobs in Michigan during the height of the state’s economic recession in the last decade has become a central issue in the Legislature’s state budget-writing process. For the 2016 fiscal year, business tax credits are expected to cost more than $800 million, taking a big bite out of the state’s $9.6 billion general fund budget. (Detroit News)

WMUK

(Lansing-MPRN) State lawmakers have approved diverting surplus school aid revenues to help close a $400 million dollar budget hole. The legislation would shift $250 million dollars in money originally earmarked for the state’s School Aid Fund. Another bill in the package would make cuts to several state departments. 

WMUK

State Representative Aaron Miller says he can support a tax increase as part of a comprehensive package for road funding. But he says lawmakers and the Snyder administration can do better than the plan which includes an increase in the state sales tax. 


Melissa Benmark / WKAR

The state’s top budget official says he would support limiting the amount of money a business could claim in tax credits each year. 

State officials have said business tax credits have helped create budget shortfall this year

Pages