In this morning's news...

May 16, 2011

Estimating the State’s Finances

A budget panel is meeting this morning in Lansing to figure out how much money the state has to spend in the fiscal year that begins on October 1st. It was announced on Friday that the state is expected to have half a billion dollars or more in revenue than was previously predicted. Some lawmakers want to use the windfall to roll back proposed budget cuts, including cuts to K-12 schools. Governor Snyder says some of the money should be put towards the state’s emergency savings.

EFM Repeal

A group looking to repeal the state’s new financial manager law is expected to detail their plans today, the Associated Press reports. From the AP:

Michigan Forward says it will talk about the coalition formed to launch the "Campaign to Build Michigan" this morning. The legislation signed into law in March gives state-appointed financial managers broader powers to correct the finances of communities and school districts.

The meeting will take place in Detroit.

McCotter: Not In

Republican Congressman Thaddeus McCotter of Livonia announced over the weekend that he will not run against Democratic Senator Debbie Stabenow for her Senate seat in 2012. Rep. McCotter is yet another Michigan Republican who has decided not to run against Stabenow. Former West Michigan Congressman Pete Hoekstra and former Michigan Secretary of State Terri Lynn Land both have said they will not run. Former Kent County Judge Randy Heckman is the only Republican to announce his candidacy for the seat.