Archive for January, 2013

SCHOOL FUNDING CUTS PREDICTED IN MICHIGAN

January 8, 2013

State Education Funding Trimmed

LANSING, Mich. – A new Senate Fiscal Agency report estimates that state tax revenues will be lower than anticipated for the 2012-2013 fiscal year, according to the Battle Creek Enquirer.
 
The report estimates that revenues during fiscal year 2013 will be 1.9 percent smaller than expected 2012 revenues, the Enquirer reported.
 
Tax changes passed in 2011 and 2012 will impact state revenues, the Enquirer reports, and could result in a 2 percent drop in 2013 state tax revenue for public schools, and a 6.5 percent decline in general fund revenue.