In this morning's news...
Lawmakers to Dig into Budget Proposal
Michigan lawmakers will be in Lansing today pouring over Governor Rick Snyder’s budget proposal. Legislative committees are scheduled to hear details about Snyder's tax restructuring plan and proposed cuts to higher education, the Associated Press reports. The state faces a projected $1.4 billion budget deficit for the fiscal year that begins October 1st. Meanwhile, the Governor spent yesterday defending some of the more controversial proposals in his budget including the taxing of public and private pensions.
Auto Sales Increase
Auto sales rose by 27 percent last month. General Motors and Toyota had the strongest sales. GM saw gains for several reasons, Tracy Samilton reports:
- Last February GM’s sales were weak, so this February looks much better in comparison
- The company increased incentives in February
- It’s easier for GM customers to get financing now that GM has its own finance arm, GM Financial
Detroit Symphony Orchestra
Detroit Symphony Orchestra musicians, who’ve been on strike since last Fall, say they are willing to return to work without a contract. The musicians say they’ll go back on stage “immediately and unconditionally” if Orchestra management agrees to binding arbitration, Sarah Cwiek reports. DSO officials did not immediately respond to the offer. But they issued a statement saying they “welcome receiving the union’s proposal.”