HEADLINES : Michigan
Michigan budget director John Nixon: Don't expect radical changes in spending plan
LANSING, MI - Michigan state budget director John Nixon said Wednesday not to expect major changes in overall state budget plans based on the latest revenue forecasts from state analysts.
Nixon said the state could have nearly $300 million more money than previously anticipated as lawmakers put together budget plans, including slightly better than expected overall tax revenues and changes in caseloads for Medicaid and other services related to the current fiscal year.
The possible one-time surplus, while small in the scope of an overall annual Michigan budget that easily tops $40 billion including federal funds, could provide some insurance in case revenues come in below expectations in other areas for the next state budget year that starts Oct. 1.
Analysts from Republican Gov. Rick Snyder's administration and the House and Senate fiscal agencies met Wednesday to make a consensus forecast of state revenues. It's a key building block for state lawmakers to finish approving the state's next budget plan, which Snyder wants accomplished by June 1.