MARQUETTE, MI – (Great Lakes Radio News) – Governor Rick Snyder has signed a $49.5 billion fiscal year 2014 budget for the state. The governor was joined by a handful of lawmakers at the signing ceremony yesterday at his downtown Lansing office.
The budget is nearly 1 percent bigger than the current year and has no general tax increases.
It increases overall spending for public K-12 schools by about 3 percent, and caps tuition increases at public universities at 3.75 percent.
It also includes an additional $350 million in funding to repair the state’s roads and bridges.
Snyder says spending plan will allow the state to provide more early childhood education opportunities, expand the Health Kids Dental program for low-income kids, increase municipal revenue sharing, hire more state troopers for public safety and invest in K-12 schools, community colleges and universities. The spending plan goes into effect October 1st.
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