Michigan Lawmakers Must Cut Their 2017 Spending Plans
According to the Lansing State Journal, Gov. Rick Snyder and Michigan lawmakers must cut their 2017 spending plans to account for an unexpected $460 million budget hole.
Snyder said "we'll have to scale back some of the investment concepts we set aside." He also said "it's something we can manage through, but it may take me longer to get some of those investments done than what I originally thought."
The budget gap is the combined result of a revenue shortfall of about $330 million for the 1016 and 2017 fiscal years, plus higher Medicaid caseloads that are expected to cost the state about $130 million more than estimated.