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Snyder, Mich. Lawmakers Agree to Budget Spending Targets

Updated: 06/05/2014 4:28 PM
Created: 06/05/2014 4:27 PM WDIO.com

LANSING, Mich. (AP) - Gov. Rick Snyder's administration and Republican lawmakers have signed an agreement setting the stage for approval of Michigan's roughly $50 billion state budget.

The deal Thursday includes more spending on public universities, and higher state revenue-sharing payments to local governments in the fiscal year starting in October. Snyder's proposed tax cut targeted to low- and moderate-income residents is not included in the budget agreement.

House-Senate conference committees began approving parts of the spending plan Thursday. Final legislative passage is likely next week, and some key details such as the per-pupil funding increase for individual school districts must still be ironed out.

Michigan's 15 public universities would get nearly 6 percent more in state aid if they hold tuition increases to no more than 3.2 percent.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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