Snyder, lawmakers sign budget agreement

Michigan Gov. Rick Snyder acknowledges applause as he is introduced before delivering his State of the State address to a joint session of the House and Senate, Thursday, Jan. 16, 2014, in the House Chambers of the state Capitol in Lansing, Mich.
Michigan Gov. Rick Snyder acknowledges applause as he is introduced before delivering his State of the State address to a joint session of the House and Senate, Thursday, Jan. 16, 2014, in the House Chambers of the state Capitol in Lansing, Mich.

LANSING, Mich. (AP) — Gov. Rick Snyder’s administration and Republican lawmakers have signed an agreement setting the stage for approval of Michigan’s roughly $50 billion state budget.

The deal Thursday includes more spending on public universities, and higher state revenue-sharing payments to local governments in the fiscal year starting in October. Snyder’s proposed tax cut targeted to low- and moderate-income residents is not included in the budget agreement.

House-Senate conference committees began approving parts of the spending plan Thursday. Final legislative passage is likely next week, and some key details such as the per-pupil funding increase for individual school districts must still be ironed out.

Michigan’s 15 public universities would get nearly 6 percent more in state aid if they hold tuition increases to no more than 3.2 percent.

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