Monday, September 13, 2010

Michigan budget deal for 2011

Michigan budget deal for 2011 [Mackinac Center]
"with the end of federal stimulus subsidies, revenue projections for the following fiscal year fall off a cliff.

The early retirement pension boost — similar to one already adopted for public school employees earlier this year — is essentially a one-time gimmick that at least in part steals from future taxpayers so that current legislators can spend more today."

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