How Michigan’s Legislature Could Spend Its $9 Billion Surplus
The legislature is currently operating with additional funds. Due to federal spending, Michigan has about $9 billion in its coffers and Democrats, who hold the majority, have been figuring out how to spend that money.
The Liberals prioritized expanding the earned income tax credit, repealing the pension tax and trying to expand jobs by offering special business incentives.
“In terms of state money, we see the governor signing this bill which has money for a business in the (Upper Peninsula), but also an additional $150 million…which is designed to help attract business to the state.” —Jonathan Oosting, journalist
Listen: What heads of state want to spend in 2023.
Jonathan Oosting is an award-winning political reporter from Michigan who covers Lansing for Bridge Michigan. He recently wrote about the legislator’s new spending plan.
Oosting says the governor is trying to spend money to stimulate economic activity in the state.
“In terms of state money,” says Oosting, “we see the governor signing this bill that has money for a business in the (Upper Peninsula), but also has another $150 million. .. which are designed to help attract business to the state.”
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