You are the news now

THE NEWS COMMENTER

VOTE  (0)  (0)

Whitmer and Michigan legislators agree on fiscal year 2021 budget

Added 09-24-20 09:23:02am EST - “Despite the battering incurred by COVID-19 on the state's economy, the Michigan legislature and Gov. Gretchen Whitmer agreed on a fiscal year 2021 budget that includes significant spending increases as well as continuing funding of…” - Washingtonexaminer.com

CLICK TO SHARE

Posted By TheNewsCommenter: From Washingtonexaminer.com: “Whitmer and Michigan legislators agree on fiscal year 2021 budget”. Below is an excerpt from the article.

Despite the battering incurred by COVID-19 on the state’s economy, the Michigan legislature and Gov. Gretchen Whitmer agreed on a fiscal year 2021 budget that includes significant spending increases as well as continuing funding of education, economic development, public health and safety, and environmental initiatives at current levels.

The agreement on the 2021 omnibus and School Aid Fund budgets was announced late Wednesday afternoon by the governor’s office. Neither budget will include an increase in taxes.

The budget increases came the same week the government watchdog group Truth in Accounting ranked Michigan 39 th in a state-by-state report. Only 11 states placed worse, with Michigan graded “D” along with 15 other states for its fiscal health prior to the COVID-19 outbreak.

The state is projected to report a revenue loss of $9 billion, partially as a result of the pandemic. According to the report, the state would require $17,000 from every taxpayer to reconcile its debt.

Among the spending increases announced are $14.3 million in broadband funding, which will be used to expand Internet access across the state. Schools, colleges, universities and local government receive the same funding as in fiscal year 2020.

Read more...

If you don't see any comments yet, congrats! You get first comment. Be nice and have fun.

CLICK TO SHARE

COMMENTS VIA TWITTER






BACK TO THE HOME-PAGE