Legislature Approves State Budget

money-safe-262-44
money-safe-262-44

From the Associated Press — Michigan lawmakers have approved a state budget that increases money for
education but delayed a decision on how to cut taxes, unable to yet bridge disagreement between Governor Gretchen Whitmer and Republican legislative leaders. Michigan is flush thanks to federal pandemic relief that fueled higher resident income and consumer spending, but the Democratic governor and the Republican-controlled Legislature disagree on how to cut taxes in response. Lawmakers aimed to approve at least the K-12 state spending plan by the end of June, because it’s the start of school districts’ budget year. The state’s
fiscal year doesn’t start until October, but fall elections created a strong incentive to wrap up budget planning by Friday’s deadline.