Gov. Rick Snyder unveiled a 2012-13 budget today that hikes spending for K-12 schools, higher education, roads and public safety while setting aside $130 million to boost Michigan’s Rainy Day Fund.
Snyder and Budget Director John Nixon, buoyed by a $457-million onetime surplus from 2011 and about $630 million in projected increased revenues for 2012 and 2013, sought to strike a balance between increasing investment in select areas after years of cuts and continuing the “pay-as-you-go” approach from Snyder’s first budget.
They already face loud demands for increased funding from a wide range of interest groups.
“The good news is we are no longer in crisis management,” Nixon said in a news release. “We were able to develop this budget focused on making strategic investments in our future because we are now on solid financial footing.”