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Michigan government has a surplus... WHAT???
Wood TV8 Website ^
| 1-3-08
| WOOD TV 8, AP
Posted on 01/03/2008 1:43:22 PM PST by mombyprofession
click here to read article
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What the heck???!!! After all the budget crap that they pulled? What's going on here???!!!
To: mombyprofession; grellis
thank you. i saw this posted in the detroit news this morning, but they’re a forbidden site.
MI ping!
2
posted on
01/03/2008 1:45:30 PM PST
by
absolootezer0
(white male christian hetero married gun toting SUV driving motorcycle riding conservative smoker)
To: mombyprofession
Have no fear. They’ll spend it soon enough.
3
posted on
01/03/2008 1:45:40 PM PST
by
Cagey
To: mombyprofession
SPENDING SPREE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
4
posted on
01/03/2008 1:45:49 PM PST
by
CzarNicky
(The problem with bad ideas is that they seemed like good ideas at the time.)
To: Cagey
yeah, when granholm goes on vacation er, economy booster wooing trips.
5
posted on
01/03/2008 1:47:04 PM PST
by
absolootezer0
(white male christian hetero married gun toting SUV driving motorcycle riding conservative smoker)
To: mombyprofession
The surplus is not part of this year's budget agreement, under which taxes were raised by $1.35 billion and spending was cut or restricted by more than $400 million to help wipe out a $1.75 billion state budget deficit and place the state on sounder financial footing. Typical- balance the budget by a increase taxes over reducing spending by 3:1.
Also, most of this surplus is phony because it was achieved by delaying payments, which is why I suspect the School Aid Fund had a $94M "surplus". When they meet to decide how the money will be spent (as the article decribes), the funds will go to past due payments.
To: mombyprofession
7
posted on
01/03/2008 1:52:17 PM PST
by
Edit35
To: mombyprofession
delaying payments to state universities and community colleges, dipping into funds set aside for job training and substance abuse treatment and selling off part of the state's future tobacco settlement That is an expensive way to create a temporary surplus.
8
posted on
01/03/2008 1:52:32 PM PST
by
thackney
(life is fragile, handle with prayer)
To: mombyprofession
Maybe they can give some to us here in NJ - you know Red State to Red State, Honor among thieves, etc.
9
posted on
01/03/2008 1:52:38 PM PST
by
frithguild
(Then we could even disgorge the Fed of its powers and establish a free-market monetary system.)
To: mombyprofession
Reduced spending and higher than expected tax receipts helped the state leap into the new year with a $350 million budget surplus. Only later in the article does the author reveal the massive tax increase the state levied on its citizens.
How about giving it back?
10
posted on
01/03/2008 1:53:05 PM PST
by
VeniVidiVici
(Jay Grodner stands accused of keying a Marine's car. He's also a lawyer.)
To: mombyprofession
So Michigan residents can expect a tax break right?
BWWAAA HA HA HA HA HA HA
I made a funny :)
To: mombyprofession
Well then, I guess the taxpayers are due a refund.
Snort!
To: mombyprofession
13
posted on
01/03/2008 1:53:57 PM PST
by
Panzerlied
("We shall never surrender!")
To: Cagey
Have no fear. Theyll spend it soon enough. I just heard that they are working overtime writing the refund checks to all you lucky tax payers /s
14
posted on
01/03/2008 1:55:19 PM PST
by
dearolddad
(Opinions are like rectums: everybody has one.)
To: mombyprofession
By delaying payments, and issuing tobacco bonds, they created this tiny “surplus.” Lets see what Jen the Red does this fiscal year....
15
posted on
01/03/2008 1:55:33 PM PST
by
dashing doofus
(Those who are too smart to engage in politics are punished by being governed by those who are dumber)
To: mombyprofession
This was casually mentioned a couple of weeks ago on Tim Skubik’s Off the Record. There was little discussion about it.
Much like the “budget crisis” in Virginia a few years ago, right after taxes and fees were raised it was discovered there was actually a surplus. Imagine my surprise.
17
posted on
01/03/2008 1:57:38 PM PST
by
vollmond
(Sorry, Mom, the mob has spoken!)
To: mombyprofession
They probably ended up with a surplus because they were expecting entitlement costs to be higher, but they were lower than expected because of the number of people fleeing the state to live somewhere with less crime and more jobs.
If they moved south to Ohio they're likely to be disappointed.
To: mombyprofession
GIVE. IT. BACK.
19
posted on
01/03/2008 2:02:59 PM PST
by
MarineBrat
(My wife and I took an AIDS vaccination that the Church offers.)
To: dearolddad
I just heard that they are working overtime writing the refund checks to all you lucky tax payers Me too. I am going to stand by the mailbox and wait for my $50 check.
Where is my coat, hat, gloves and shovel?
20
posted on
01/03/2008 2:09:04 PM PST
by
Tenacious 1
(I put my foot in my mouth once. I think I'll just leave it there, lest it happen again.)
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