The state will bring in about $400 million a year less in revenue than officials estimated in January, the House Fiscal Agency projects in a report released late today. If confirmed, the report means a multi-year state budget surplus pegged at $971 million could be close to wiped out. According to the report prepared for Thursday’s revenue-estimating conference at the Capitol, the combined revenue numbers for the general fund and School Aid Fund were revised downward by close to $1.3 billion over that time. And guess who is going to pay for the Republicans’ decision to lower taxes on the elite whilst giving corporations giveaways from the coffers? Yep. That’s right. The average taxpayer citizens of Michigan. freep/article/20140513/NEWS06/305130190/michigan-state-tax-revenue-estimate
Posted on: Mon, 11 Aug 2014 00:43:48 +0000
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