June 27, 2022

Governor’s Proposed Budget Passes on a Serving of Long-term Debt Reduction

Citizens Research Council of Michigan · Craig Thiel - Governor's Proposed Budget Passes on a Serving of Long-term Debt Reduction

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Facts Matter – Governor’s Proposal Budget Passes on a Serving of Long-term Debt Reduction

Governor’s Proposed Budget Passes on a Serving of Long-term Debt Reduction

We were glad to see that Governor Whitmer's budget proposals largely take this approach and, importantly, maintain a structural balance between ongoing revenues and spending. However, the governor's plan to use the $3.6 billion School Aid Fund surplus skews entirely towards spending and misses an opportunity to pay down some of the state's largest and most expensive debts.

Citizens Research Council of Michigan · Craig Thiel - Governor's Proposed Budget Passes on a Serving of Long-term Debt Reduction