Tagged: budget

DETROIT (AP) - Detroit Mayor Dave Bing has laid out a budget proposal that would cut more than 2,500 jobs and shave $250 million from the city's annual expenses.

Bing's Chief Operating Officer Chris Brown told City Council members Monday the layoffs would be in addition to 1,000 job cuts Bing sought earlier. Brown says the city's general fund revenues will decrease from $820.5 million to $739 million.

Detroit has an accumulated budget deficit of $265 million and $13.2 billion in long-term, structural debt and is trying to fix its finances after agreeing to state oversight Bing's budget proposal also calls for privatizing the city's bus system and transferring its lighting department to an independent authority.

The Detroit News and Detroit Free Press say $75 million would go toward the city's accumulated deficit.

Michigan lawmakers are headed back to the state Capitol after a two-week spring break, with the state budget remaining their top priority.

Legislative sessions resume Tuesday. Lawmakers say they hope to wrap up a spending plan for the fiscal year that starts in October within the next two months.

There are some differences between developing budget plans from Republican lawmakers who hold the majority in the state Legislature and Republican Gov. Rick Snyder's initial budget proposal.

Some Republicans want to spend less than Snyder proposed on the state prison system and some other state departments. They say they worry that state revenues won't come in as high as state economists projected earlier this year.

The House and Senate appropriations committees have meetings scheduled for this week.

Flint’s emergency manager and his staff are working this week to wrap up a budget plan for the city.    The plan will include a request for up to $20 million in bonds to help close the city’s massive budget deficit.

Flint Finance Director Jerry Ambrose hopes the plan will be ready to submit to the state by early next week.   He says the budget plan will address the need to do “less with less”.   Ambrose says layoffs and furlough days are likely.

LANSING, Mich. (AP) - Lower-than-expected tax collections could threaten parts of Gov. Rick Snyder's next state government budget plan.

Republicans who control the Michigan Senate have preliminary plans to spend roughly $150 million less overall than Snyder has proposed for the fiscal year starting in October.

The targets include about $25 million less than Snyder proposed for information technology system upgrades and $45 million less on the state prison system.

The Senate targets do not reduce Snyder's funding proposals for education. Proposed spending would be relatively flat for K-12 schools, while universities and community colleges could get average increases of about 3 percent.

The Snyder administration says it's too early to change its budget plan, noting more information will be available when state economists gather in May for an official revenue estimating conference.