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Tue June 26, 2012
Gov. Snyder to sign next Michigan budget into law
The $48 billion spending plan for the budget year that starts Oct. 1 is about to be signed into law. Michigan Gov. Rick Snyder has scheduled a bill-signing ceremony for Tuesday afternoon at the Romney Building across from the Capitol.
The package includes a small cut in individual income taxes, twice as much money for film credits, a slight increase in education funding and a down payment on school employees' health care costs in retirement.
The Republican-controlled House and Senate passed the budget bills three weeks ago. Snyder has the right to veto portions of the bills.
Democrats have criticized the GOP budget plan for not spending more on education.