Michigan's Improved Economy To Bring State An Added $429 Million In Revenue

[Purveyor]

LANSING -- A healthier Michigan economy is churning more tax revenue than was expected and will produce a $429-million windfall for the state this fiscal year, economists agreed Monday.

Another $234 million in extra revenue was predicted for 2012 -- money that will be up for grabs between lawmakers and Gov. Rick Snyder as they haggle over next year's budget. It means a $1.4-billion deficit that Gov. Rick Snyder faced when he took office in January could be cut to about $740 million.

Don't spend the bonus yet, cautioned state budget director John Nixon.

"It's good news; it's a long time we've been waiting for this," Nixon said. "But to say it's a huge windfall that's going to solve all our problems is not accurate."

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http://www.freep.com/article/20110517/NEWS06/105170362/State-s-improved-economy-bring-an-added-429M-revenue

[louis-t]

1. It's a windfall that Snyder will find a way to

give to his rich supporters. And he will take credit for it.

[divvy]

2. Thanks to Governor Granholm with NO help from Republicans.