LANSING -- Michigan is expected to bring in $429 million more this year than was expected in January.
The Associated Press reports that, “lawmakers will be able to use some of this year's surplus in the next budget year, and lawmakers are likely to consider putting some of the money toward easing deep cuts for public schools in 2011-12.”
State economists say deep business tax cuts have hurt the budget. The state fiscal income would have been $500 million more if it weren’t for the cuts.
The Treasury Department, House, and Senate agreed on the revenue figures Monday.
Do you think this shows that Michigan is on its way back to a better economic state?
