state finances

Stateside
3:38 pm
Wed May 15, 2013

Estimating the state of Michigan's proverbial bank account

Talking money at the State Capitol in Lansing.
Steve Carmody Michigan Radio

An interview with Chris Gautz.

Chris Gautz, the Capitol Correspondent for Crains Detroit Business, spent hours this morning at the Capitol where the state’s Revenue Estimating Conference took place.

That's where lawmakers, budget officials, and economists come together to make their best educated guess about the future of the state’s economy, and check-in, basically, on the state’s finances.

Political observers, and "political nerds" (like our Executive Producer Zoe Clark), love these meetings.

For others, however, it’s hard to get super excited about hours of numbers, finances, and "economist-speak."

Chris Gautz joined us today in the studio.

Listen to the full interview above.

State Budget
7:47 am
Thu February 3, 2011

Public employees dispute Governor Snyder's state financial report

Governor Rick Snyder
Photo courtesy of www.governorelectricksnyder.com

Public employees are taking issue with Governor Rick Snyder’s citizen’s guide to the state’s finances. They say it presents an incomplete and inaccurate picture of employee compensation in the public and private sectors.

Unions say the data in the guide does not compare similar jobs in the public and private sectors. They point to half a dozen studies that paint a different picture than the Snyder administration’s data.

Nick Ciaramitaro is with the American Federation of State, County, and Municipal Employees:

"Salaries tend to be a little lower, benefits tend to be a little higher in the public sector, but if you look at total compensation, which is what the governor says he wants to look at, we’re very close or a little behind the private sector."

Ciaramitaro also says the data in the guide may not take into account unpaid furlough days taken by state and local workers.

The governor acknowledges the numbers in his guide are a broader overview of compensation trends, but he says he’s open to looking at other data before he presents his first proposed budget later this month: 

"I’m happy to have people react to it whether they agree with it or don’t agree with it because that may bring other data forward that may be worth considering as part of this process. It’s an open  dialogue. This is how you actually set the framework to have the open discussion you’d really like people to have.”

Snyder says that discussion will influence his administration’s budget plans. The governor will present his budget proposal to the Legislature on February 17th.