WCSG News

Gov. Snyder, GOP lawmakers agree to budget targets - May 22nd, 2013 - State

Gov. Rick Snyder and leaders of the GOP majority in the Legislature have reached a budget agreement for next fiscal year that puts Michigan's unexpected surplus toward funding roads and K-12 education.

Snyder met Tuesday with Senate Majority Leader Randy Richardville and House Speaker Jase Bolger to complete spending targets for the budget that takes effect Oct. 1.

The plan includes putting about $350 million in the state's ailing roads and bridges, short of the $1.2 billion Snyder had called for in additional road funding.

The Republicans also agreed to put $140 million toward K-12 education and leave $75 million in the state's rainy-day fund.

Budget experts say Michigan should get about $483 million more in taxes than expected in January for the fiscal year ending in 4½ months.