Gov. Snyder to Hold Onto State’s Surplus -- for Now
(LANSING, Mich.) -- Michigan Gov. Rick Snyder announced Tuesday that he will hold onto the state’s surplus, at least until January.
The Detroit Free Press reports that Snyder will wait until the January revenue estimating conference before making any decisions on what to do with the surplus estimated to be around 285 million or more.
Snyder told reporters that he wants the money to go toward “worthwhile investments, not just spending."
While Democrats say the surplus should fund public education, some GOP lawmakers believe it should be used to hep pay off the state's debt.
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