fiscal year en Governor Snyder will release budget proposal next week <p>Governor <a href="">Rick Snyder's</a> budget proposal for the fiscal year that begins October 1st will be released next Thursday, February 17th. The state currently <a href="">faces a projected $1.8 billion budget deficit</a> for the new fiscal year. Snyder says he plans to ask lawmakers to do away with billions in business tax exemptions, according to the Associated Press. The AP reports:</p><p>Snyder has said he plans to review tax credits to see which are worth keeping, but hadn't said how many would be eliminated.</p><p>Lt. Gov. Brian Calley told the Holland Chamber of Commerce on Tuesday that the administration is counting on $2 billion from such cuts.</p><p>Calley also says the budget proposal will be like an "atomic bomb" going off in Lansing, a <a href="">comment that drew criticism</a> from Snyder spokeswoman Sara Wurfel.</p><p>Wurfel said Wednesday that Calley's comments were an "extremely unfortunate choice of words."</p><p>She also denied Calley's claim that Snyder plans to present an all-cuts budget. Thu, 10 Feb 2011 12:05:47 +0000 Zoe Clark 1230 at Governor Snyder will release budget proposal next week