By Gary S. Olson, Senior Policy Fellow, Public Sector Consultants
After a decade of heated debates in Lansing on the elimination of Michigan state budget deficits, Governor Rick Snyder and the Michigan Legislature are now faced with a new challenge: what to do about the unanticipated budget surpluses in the fiscal year (FY) 2012 General Fund/General Purpose and School Aid Fund budgets.
This paper discusses options for the use of the budget surplus and presents commentary on the proper use of the unanticipated year‐end budget balances.
A copy of the full report is available below.