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UPDATE: Senate moves the state $300 million closer to solving budget crisis without raising taxes!By Nick, Section News
The Associated Press and the Detroit News are reporting the Michigan Senate today unanimously approved $300 million worth of accounting changes previously sent to them by a near unanimous vote of the state House.
While the move doesn't exactly change the status quo in Lansing it represents a pretty big "next step." It takes the budget gap for the current fiscal year and just about cuts it in half as Mike Bishop, 2010 Gubernatorial canidate Andy Dillon and Jennifer Granholm continue to negotiate towards a solution for the rest of the problem. Assuming the tax and spenders in the room don't just try to exacerbate the problem, of course. And beyond that, the Senate took some immediate action to examine nearly $500 million worth of cuts approved by either the House or the Senate in an effort to bring the legislative bodies together. Read on...
Today's action brings the current hole in the budget down to $348 million though just about everyone and their mom expects that number to spike anywhere from $50 to $150 million higher.
And while accounting gimmicks aren't going to provide any sort of long term solvency, at the very least they'll provide taxpayers a temporary dam against the flood of new taxes Granholm and Dillon keep proposing. They're now thiiiiiiis close to fixing this thing for the current fiscal year then moving on to address next year with real substantive structural changes. Things like a MESSA kill, an elimination of the office of the First Gentleman and a little bit of prison privatization! The beautiful part is between the House and the Senate there are still nearly $500 million worth of cuts on the table. The Senate passed a bunch that the House rejected and the House passed a bunch that the Senate said no to because they were tied in to the idea of tax hikes. I made a few calls and it looks like the Senate took the lead on this one today too, appointing conferees as soon as the vote was taken to go sit down with folks in the House and figure out which of those $500 million worth of cuts will best address the remaining $348 million deficit. They're moving folks. Bishop's said all along that the cuts were out there and that Lansing didn't need to balance it's budget on the backs of working moms and dads. And today they put their money where their mouth is. Now we'll see just how serious Dillon is about finding a solution. So don't miss the chance to let your voice be heard before all of the decisions are made. Tell your state Rep. and state Senator that $42 plus billion is enough for Lansing and that tax hikes will only put more people out of work. You can find your Representative HERE. And you can find your Senator HERE.
UPDATE: Senate moves the state $300 million closer to solving budget crisis without raising taxes! | 0 comments ( topical, 0 hidden)
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