We issued the following statement in reaction to the Governor’s Budget Address today:
Business Leaders for Michigan is committed to supporting a comprehensive and holistic plan to transform Michigan’s economy and create jobs. The Michigan Turnaround Plan we developed recognizes that no one action will turn around Michigan and identified five integral steps that are needed to make Michigan a “Top Ten” state for job & economic growth.
Fiscal, expenditure and tax reforms are the first three steps of the Michigan Turnaround Plan. We need to analyze the details of the Governor’s proposals, but are pleased she has proposed expenditure reforms. While the Governor’s proposals represent a meaningful step in the right direction, they don’t go far enough to put the State on a stable long-term financial footing, but continue to rely on Federal stimulus funding that is likely to evaporate by next year.