Tagged: budget

LANSING, Mich. (AP) - Michigan could take in $542 million more in revenue than projected 4 months ago.

That's according to a report Monday from the nonpartisan Senate Fiscal Agency. It's good news for lawmakers and Gov. Rick Snyder as they work to finalize a state budget for the fiscal year starting in October.

Senate experts say Michigan could have a $739 million surplus in the current budget year. The extra money could be used to boost spending, lower taxes or be socked away in savings.

The Snyder administration and economists are meeting Wednesday to agree on budget figures. The House Fiscal Agency and state treasurer also will put out revenue projections for the meeting.

Legislators aim to pass the next budget by June, though sticking points remain over Medicaid expansion and road funding.

Last week, we saw a flurry of voting at the State Capitol as lawmakers put together the next state budget, which is expected to total about $48 billion.

The Republican controlled State House approved spending for schools and colleges as well as a budget to fund the rest of state government.

The State Senate, also controlled by Republicans, approved about half of its budget plan with more votes scheduled this week.

The votes set the stage for negotiations between the two chambers in May.

A state House budget panel is recommending cutting more than a thousand human service workers. The Michigan Department of Human Services handles things like child welfare and food assistance.

The subcommittee’s plan would also close the state’s three juvenile justice facilities.

Rashida Tlaib is the top Democrat on the panel. She says the proposed cuts are extreme.

Next week, President Barack Obama will present his budget to Congress. 

There's a lot of speculation about what changes will be proposed for Medicare and Social Security.

Specifically, some analysts are focusing on something called 'chained CPI.'

The Flint city council is expected to vote tonight on a plan that may set the stage for the city to emerge from state oversight. 

The council will consider asking the governor to appoint a “receivership transition advisory board.”    

Flint Mayor Dayne Walling says the board would guide the city after the departure of the emergency manager.

“This is an area of the law that we want to take advantage of,” says Walling, “We want assistance with our revenue estimates…with budget amendments.”