Post by Logan on Feb 7, 2017 20:02:30 GMT -6
Lansing – Gov. Rick Snyder is not expected to propose any major tax cuts Wednesday in his executive budget presentation despite a push from Republicans in the Michigan Legislature, who have called personal income tax relief a top priority for the new two-year session.
While Michigan enters the new budget cycle with a $330 million surplus, the administration says the state is staring at a series of long-term budget pressures, including more than $2.1 billion in tax and fee reductions set to drain state coffers over the next three years.
Those are cuts Snyder and the Republican-led Legislature have already approved in recent years, a reality Budget Director Al Pscholka is trying to remind his former colleagues of ahead of the governor’s budget roll out.
“When you’re taking $50 to $100 million dollars at a time, that adds up,” said Pscholka, a Stevensville Republican who served as House Appropriations Chair until term limits forced him out of office two months ago. “Make sure you look at the big picture and look at the balance sheet in the out years as well as where we stand now.”
Read more: www.detroitnews.com/story/news/local/michigan/2017/02/07/budget/97591616/
While Michigan enters the new budget cycle with a $330 million surplus, the administration says the state is staring at a series of long-term budget pressures, including more than $2.1 billion in tax and fee reductions set to drain state coffers over the next three years.
Those are cuts Snyder and the Republican-led Legislature have already approved in recent years, a reality Budget Director Al Pscholka is trying to remind his former colleagues of ahead of the governor’s budget roll out.
“When you’re taking $50 to $100 million dollars at a time, that adds up,” said Pscholka, a Stevensville Republican who served as House Appropriations Chair until term limits forced him out of office two months ago. “Make sure you look at the big picture and look at the balance sheet in the out years as well as where we stand now.”
Read more: www.detroitnews.com/story/news/local/michigan/2017/02/07/budget/97591616/