August 4, 2005

Lawmakers should save windfall revenue

This editorial points out that Michigan 's state tax revenues in the past two months came in $140 million above projections, and "naturally, state lawmakers and the administration are hustling to find ways to spend it." The News suggests that it would be wise to save the money for now while waiting to see if the trend toward increased revenue from taxes continues. "If revenues continue to rise, lawmakers should consider building an additional business tax cut into their plans to revise the state's tax structure," the newspaper opines.

Subscribe to Today@Wayne

Direct to your inbox twice a week

Related articles