May 16, 2018
Wednesday, May 16, 2018
LANSING, Mich. – Gov. Rick Snyder issued the following statement on the consensus reached by the Michigan Department of Treasury, Budget Office, and House and Senate Fiscal Agencies on the economic and revenue figures for the remainder of Fiscal Year 2018 and the upcoming 2019 and 2020 Fiscal Years.
“Projected increases in revenue for both the General Fund and School Aid Fund demonstrate Michigan’s continued economic growth and our fiscal responsibility over the past seven years,” Gov. Snyder said. “We should be encouraged by the state’s progress and positive economic outlook, while remembering the importance of showing financial responsibility to current and future generations. I look forward to working with my legislative partners to get the budget done responsibly by next month, giving municipalities and schools ample time to plan their own budgets. As we finalize spending decisions, I plan to remain focused on sustaining record investments in K-12 education, improving our roads, building up the Rainy Day Fund, and implementing the Marshall Plan for Talent.”
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