RSS
Close But No Cigar
Somewhere out there in TV land sits a former Michigan governor
who must be saying, "Why didn't any of this stuff happen to me?
For eight long and tortuous years, ex-Gov. Jennifer Granholm
waited for the illusive economic recovery to arrive on her doorstep.
She left office, still waiting.
Gov. Rick Snyder has been in office just over a hundred and days
and woke up to read that the state's economic forecasts were off by
$500 million meaning half a million dollars appeared out of nowhere.
Here's why.
General Fund collections: Up $178 million.
School Aid Fund: Up $65 million.
Sales tax collections: Up 37%.
Business tax income: Up 26%
Withholding tax revenue: Up $67 million.
It may be premature to sing Happy Days Are Here Again, but the
Fat Lady is in rehearsals to do just that.
Whereas the former female governor toiled over how to cut the
budget because she had to, the new guy is faced with cutting the budget
because he wants to. There will be pressure from lawmakers to use some
of the $500 mil to restore cuts to education and other essential
programs, but others will argue it should go into the state's depleted
Rainy Day Fund.
It's the kind of philosophical debate that any governor would be
willing to tackle, but here's the harsh reality which makes politics so
unfair. None of this is the result of anything Gov. Rick Snyder has
done but some of it is the result of what she did.
But guess who will get the credit?
who must be saying, "Why didn't any of this stuff happen to me?
For eight long and tortuous years, ex-Gov. Jennifer Granholm
waited for the illusive economic recovery to arrive on her doorstep.
She left office, still waiting.
Gov. Rick Snyder has been in office just over a hundred and days
and woke up to read that the state's economic forecasts were off by
$500 million meaning half a million dollars appeared out of nowhere.
Here's why.
General Fund collections: Up $178 million.
School Aid Fund: Up $65 million.
Sales tax collections: Up 37%.
Business tax income: Up 26%
Withholding tax revenue: Up $67 million.
It may be premature to sing Happy Days Are Here Again, but the
Fat Lady is in rehearsals to do just that.
Whereas the former female governor toiled over how to cut the
budget because she had to, the new guy is faced with cutting the budget
because he wants to. There will be pressure from lawmakers to use some
of the $500 mil to restore cuts to education and other essential
programs, but others will argue it should go into the state's depleted
Rainy Day Fund.
It's the kind of philosophical debate that any governor would be
willing to tackle, but here's the harsh reality which makes politics so
unfair. None of this is the result of anything Gov. Rick Snyder has
done but some of it is the result of what she did.
But guess who will get the credit?
posted by Tim Skubick at
7:50 AM
3 Comments:
I, for one, have apparently contributed to this short-term up-tick in the state's revenues by not only paying my state quarterly estimated taxes on time; paying them forward by a quarter and a half. That, I did not mean to do...Glad it counts somewhere.
Tr$y,michigan,,is another Public Goverment,,crying,,NO MONEY,,raise your Taxes,,then pay a PART-time city manager for life,,More money thne the Government,,and it WORKed,,Tr$y's tax revnune UP,,and Tr$y,michigan still crying,,I nee more of the serfs MONEY,,taxed them MORE!!Example..Tr$y still has millions to build a TRAIN station,,to hand over to the UNIONs.
Skoop,
Granholm benefited same as Snyder, when gasoline prices skyrocketed.
14,000,000 gallons of gasoline are sold in this state every day. When the price of gasoline rises $1 per gallon, that means that every single day, nearly $1M of EXTRA REVENUE is flowing into Lansing's pockets.
You scribblers remained silent about that tax increase during Granholm's time, and you're remaining silent about it now.
Lansing thanks you, Skoop, for helping them take our cash. Much obliged, from all your Lansing friends, for all that you do for them.
Post a Comment
Subscribe to Post Comments [Atom]
<< Home