LANSING, Mich. — Thursday, lawmakers in Lansing announced they have come up with the framework on a new state budget, and agreed to pass it before the end of the fiscal year.
WATCH: Speaker Matt Hall (R-Richland Township) holds press conference on budget framework agreement
During a press conference Thursday Speaker of the House Matt Hall (R-Richland Township) told reporters a lot of work still needs to be done, but was able to share some details on what will be included in the next budget.
WHAT WE KNOW SO FAR:
- Budget will "likely be smaller"
- Includes school aid
- No state tax on tips, overtime and social security
- Eliminates ghost state employees
- Cracks down on last minute budget earmarks
- Generates $1.5 billion ($1.8 billion over five years) to local roads
Speaker Hall told reporters he's feeling optimistic, but says there's still a lot of work that needs to be done.
"This large framework that myself and Governor Gretchen Whitmer and Winnie Brinks have agreed to is putting us on that path to get this thing done on time," Speaker Hall said.
Lawmakers will be back in session at 10 a.m. on Friday. The next fiscal year begins Wednesday, Oct. 1.
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