Michigan budget

6:11 am
Wed June 25, 2014

Snyder Signs Education Budget Into Law

Critics say spending plan spends more on charters and cyber schools
LANSING -- Gov. Rick Snyder signed the funding bill for the state's K-12 schools, community colleges and universities on Tuesday, surrounded by students and robots from a program the state has invested in over the last two years.
7:45 am
Fri June 13, 2014

Michigan Legislature Approves State Budget

Money includes some one-time road money, but larger deal on infrastructure not reached before summer break
LANSING, MI -- The Michigan House on Thursday approved a $37.5 billion general government budget for fiscal year 2015, sending the measure on for Senate consideration before it reaches the desk of Gov. Rick Snyder. The budget, which represents a 11.6 percent spending increase over the current year, includes significant funding increases for several departments.
6:24 am
Tue June 10, 2014

Increase in State Revenue for Local Governments Moves Forward

Amount approved is less than had been requested by Governor Rick Snyder
Lansing Michigan counties, cities and townships will see their state revenue sharing increase nearly 3 percent next year under an agreement a House-Senate conference committee approved Monday. More of the states budget picture emerged as lawmakers on the committee approved a total revenue sharing budget of nearly $1.3 billion as part of next years allotment for general government.
8:21 pm
Sun June 8, 2014

New Budget Agreements Include More Money for Higher Education, Public Safety

New spending targets reflect revenue projections showing less money than originally expected for the state
LANSING, MI -- The Michigan Legislature is running out of time to secure long-term funding for crumbling roads and complete budgets for the upcoming fiscal year by their self-imposed deadline of early June.
11:56 am
Thu May 15, 2014

Michigan Revenue Projections Down Over Next Three Years

Lawmakers will have to revise budgets adopted by each chamber
LANSING, MI -- Michigan tax collections stagnated this year even as the economy grew, according to new projections, leading the state to slash revenue estimates by significant margins as lawmakers work to finalize 2015 budgets by early June. The non-partisan House and Senate fiscal agencies, along with the Snyder administration, met Thursday and reduced current-year revenue estimates by $317 million.