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Thu Jan 3, 2013, 10:29 PM

Despite ($1.04 billion) surplus, Michigan may need to cut school spending in 2013

Source: Detroit News

January 3, 2013 at 5:00 pm
Despite surplus, Michigan may need to cut school spending in 2013
By Karen Bouffard
Detroit News Lansing Bureau


Lansing Michigan will close the books on fiscal year 2011-12 with $1.04 billion more in general fund revenue than estimated in May but the surplus will make up for less revenue than expected in 2013, according to a new Senate Fiscal Agency report.

The report, released in advance of next week's revenue estimating conference in Lansing, found that Michigan's economy is growing slower than anticipated, and the state can expect budgets to remain tight and unemployment stubbornly high through 2014. The conference will include estimates from the Treasury Department and the House Fiscal Agency.

The Senate Fiscal Agency report was done in late December before Congress approved the fiscal cliff agreement that eliminates a payroll tax holiday and increases the highest federal income tax rate to 39.6 percent from 35 percent for individuals making $400,000 a year and joint filers earnings $450,000 annually. President Barack Obama has said he will sign the legislation into law.



Read more: http://www.detroitnews.com/article/20130103/POLITICS02/301030448#ixzz2GyQS95av



This is the kinda shit that happens when teabaggers are in total control of government!

2 replies, 1391 views

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Reply Despite ($1.04 billion) surplus, Michigan may need to cut school spending in 2013 (Original post)
Bozita Jan 2013 OP
Nanjing to Seoul Jan 2013 #1
LovingA2andMI Jan 2013 #2

Response to Bozita (Original post)

Thu Jan 3, 2013, 11:59 PM

1. Who needs education when you have incarceration.

 

Go teabaggers! Love America, hate Americans!

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Response to Bozita (Original post)

Fri Jan 4, 2013, 02:17 AM

2. No, this is the kinda crap that happens

When the Republicans have the propaganda Michigan based media, working in co-hoots with the Governor's Office & the Republican's in the House & Senate, with the monetary assistance of Dick Devos and a GOP "non-profit" group called the Oxford Foundation - Michigan.

Get ready for the total privatization of Michigan Public Schools with the bill titled:

The Michigan Public School Finance Act of 2013
http://oxfordfoundationmi.files.wordpress.com/2012/11/mefp-draft-version-1.pdf

But you didn't hear it from me.....

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