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Nixon statement on revenue forecast
May 13, 2011
Friday, May 13, 2011
Contact: Kurt Weiss
LANSING, Mich. - State Budget Director John Nixon issued the following statement regarding the revenue estimates released today by the fiscal agencies:
"The released revenue estimates show positive signs toward economic recovery in Michigan. I am encouraged by this good news and think it demonstrates that Michigan is poised and ready for a bright and prosperous future. I would caution, however, that this bright future we all desire can only happen when we remain committed to a balanced budget. We must proceed prudently and ensure we achieve long-term structural balance.
"Our recommended budget not only gets us truly balanced in 2012, but in 2013 as well. As I've said before, remaining committed to this work and principles would place Michigan in one of the strongest financial positions of any state in the country that will pay dividends in both the short and long-term. Decisions to build the 2012 budget with any 2011 surplus would jeopardize that strong position, and only serve to delay needed decisions by another year. We must resist the urge to kick the can down the road once again."