Tag Archive | "budget"

Orr projects $  100M surplus in 2015 Detroit budget; EM to resign

Orr projects $100M surplus in 2015 Detroit budget; EM to resign

Associated Press – The state-appointed emergency manager who helped take Detroit into bankruptcy said he sees a budget surplus not long after it emerges. Kevyn Orr told the city’s financial oversight board Friday that he projects a surplus of about $ 100 million by the end of next fiscal year, The Detroit News and Detroit Free Press […]

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Detroit hires former New York City budget director as deputy mayor

Mayor Mike Duggan on Wednesday announced the appointment a deputy mayor to oversee the city’s economic policy, naming Carol O’Cleireacain, a former New York City budget director, to take on the new position as Detroit approaches a potential exit from bankruptcy. Full News here – Detroit News

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Performing arts program at risk with budget cuts

Action News has been reporting this week about big budget cuts coming for Detroit Public Schools.  Now, we are learning of one hitting especially deep.  Full News here – Detroit | WXYZ

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Snyder rebuts Democrats who say he cut education budget by $1B

Lansing — The politically hot topic of public education funding in the governor’s race heated up further Tuesday when Gov. Rick Snyder struck back at Democratic critics who contend he’s cut public education by $ 1 billion. Full News here – Schools RSS from The Detroit News

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Legislature OKs $800K for abortion alternatives in new budget

The Michigan Legislature has shown little interest in fixing roads, preventing unplanned pregnancy, or solving infant mortality. But it has approved hundreds of thousands of dollars to ‘promote childbirth,’ alternatives to abortion and abstinence. Full News here – Detroit News columnists RSS from The Detroit News

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U-M Health System ends 2014 fiscal year with $17.3 million surplus; regents adopt $2.66B 2015 budget

The 2015 budget includes a 4.9 percent increase in payroll expenditures, a 5.4 percent increase in supply costs and a 2.5 percent reduction in non-salary spending. Full News here – Oakland Business

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House appropriations committee signs off on $36 billion state budget

Republicans in the state House of Representatives seem to have abandoned plans to use no-fault auto insurance reform as a means to fill a hole in the state’s Medicaid reimbursement budget. Full News here – freep

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Snyder to detail tax relief, spending proposals today in state budget plan

Associated Press – A short-term tax cut for low- to moderate-income residents is expected to be a key feature of Gov. Rick Snyder’s state budget presentation Wednesday to lawmakers. Full News here – Crain’s Detroit Business – Latest Detroit News

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GOP lawmakers, anticipating budget surplus, call for state income tax cut

Associated Press – Anticipating a sizable budget surplus, Republican lawmakers want to enact a broad-based tax cut for residents this election year — most likely a reduction in Michigan’s income tax. Full News here – Crain’s Detroit Business – Latest Detroit News

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Superman vs. Batman has $131 million budget in Michigan

According to The Inquisitr, the forthcoming Man of Steel sequel, dubbed Superman vs. Batman, which will be partly shot in Detroit, will have a Michigan budget of $ 131 million, making it the largest production shot in Michigan to date. The movie will be filmed in several locations within the state, including Michigan Motion Pictures […]

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Pleasant Ridge confronts leadership overhaul, tight budget

— A small and affluent town nestled among some of Metro Detroit’s busiest highways, Pleasant Ridge finds itself reluctantly confronting change. Full News here – Metro/State News RSS from The Detroit News

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Kent County Land Bank Authority adopts budget with an eye toward future acquisitions

The budget calls for the land bank to take in $ 2.9 million next year from the sale of some 180 tax foreclosed properties it expects to acquire from the city of Grand Rapids and local banks. Full News here – Oakland Business

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Firm led by budget director’s brother doesn’t get state technology grant

Genesee Intermediate School District, not a company headed by the brother of Michigan’s state budget director, has been awarded a $ 5-million school technology grant, the Department of Education announced today. Full News here – freep

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Pontiac schools won’t meet budget deadline, superintendent tells state

— The superintendent of the Pontiac schools informed state Treasury officials this week she cannot submit an amended budget by a Friday deadline because the teachers union will not agree to concessions. Full News here – Schools RSS from The Detroit News

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Hazel Park schools face budget review over growing deficit

Concerned over the prospects of a growing deficit, Michigan’s superintendent of schools has notified the Hazel Park school district of an impending review of the budget. Full News here – Schools RSS from The Detroit News

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