Gov. Rick Snyder opposes a modest cut in the state income tax, in part because he says taxpayers are already due to collect $875.9 million in new tax credits and exemptions in 2020.

Not said was how much more revenue the state expects to collect that year: It’s $2.48 billion above what’s currently collected. Thus, even with $875.9 million in tax relief for some but not all taxpayers, the state will have $1.69 billion more to spend in 2020.

 

 

 

Stay Engaged

Receive our weekly emails!


Related Articles:

No Names in State Budget, But 36 Recipients Getting $38 Million

Millions For Local Earmarks, But Not A Cent To Right An Injustice?

Millions Borrowed And Spent For Enviro Cleanups – But Did They Happen?

State Spends $660 Million In Public Debt, But For What?

Governor’s Budget Pays for Medicaid Expansion with a Gas Tax

State Spending Up and Up, But Spending Interests Cry Poverty

Share