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Wed March 2, 2011
Lawmakers to dig into Governor's budget proposal
Update 12:08 p.m.:
Lt. Governor Brian Calley is detailing the Snyder Administration's tax plans to members of the House Tax Policy committee at the Capitol, the Associated Press reports. And, as the AP notes, Budget Director John Nixon answered questions this morning from members of the House Appropriations Committee:
Gov. Rick Snyder's administration is trying to shore up support for some of its budget proposals that are running into opposition in the Michigan Legislature... The Republican governor's plan to eliminate tax exemptions on pensions is drawing opposition from some members of his own party.
Lawmakers also are concerned about proposed cuts to education funding and proposed cuts to tax revenue sharing payments made to local governments.
Lawmakers at the state Capitol are set to hear details today about Governor Rick Snyder's budget proposal.
Legislative committees are scheduled to hear details about Snyder's tax restructuring plan, the Associated Press reports.
From the AP:
Lawmakers also will hear testimony from some university officials, including from the University of Michigan in Ann Arbor. Universities could lose at least 15 percent of their state aid going into next fiscal year.
Groups concerned about proposed cuts to tax revenue sharing payments also are expected to testify. Snyder and lawmakers are trying to eliminate a projected budget shortfall of roughly $1.4 billion for the upcoming fiscal year.
Meanwhile, Governor Snyder spent yesterday defending some of his controversial budget plans, including the taxing of pensions.