Michigan's new budget was signed by Governor Rick Snyder this week, and State Representative Al Pscholka tells us that he's satisfied with it. The plan includes a slight increase in education funding, which some school leaders have said isn't enough. However, Pscholka says that action from the legislature regarding retirement costs in the next month or so should ease their burden a bit. The budget also adds another 140 million dollars to the state's Rainy Day Fund, which Pscholka says is now around a half billion dollars. He told us that lobbyists has been pressuring legislators to spend that extra money:
Pscholka says that getting a budget approved ahead of the deadline will help local governments, state departments, and schools better manage their own money. The new spending plan also included a slight reduction in the income tax, and an increase in the state's film production incentive.
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Pscholka says that getting a budget approved ahead of the deadline will help local governments, state departments, and schools better manage their own money. The new spending plan also included a slight reduction in the income tax, and an increase in the state's film production incentive.
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