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March 5, 2021
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State Budget
(2008-06-25)
(wgvu) - LANSING, Mich. (AP) - Top lawmakers and Gov. Jennifer Granholm
say they have tentatively agreed on how much to spend on state
government next budget year.
The state would spend about $44 billion under the deal reached
Wednesday, 1.8 percent more than this year. That's about $400
million less than what Granholm proposed in February.
Lawmakers had to trim her budget plan because Michigan's
sluggish economy is generating less tax revenue. The federal
economic stimulus plan and new state tax subsidies luring Hollywood
to make movies in the state also will shrink the budget that starts
in October.
It's unclear how all the revenue will be spent.
Negotiators need to balance parts of the budget to match targets
set by the Granholm administration and legislative leaders.
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