The state of Michigan has a $2.2 billion deficit for fiscal year 2020. | Canva
The state of Michigan has a $2.2 billion deficit for fiscal year 2020. | Canva
Sen. Roger Victory (R-Hudsonville) is backing steps that will help settle the $2.2 billion budget deficit for the fiscal year, according to the MiSenateGOP website.
Some of those methods include cuts, hiring freezes and taking advantage of $350 million that has been tucked away for financial emergencies like this one in a "rainy day" fund. Money allotted for COVID-19 relief will also go toward education and other industries that have suffered negative impacts due to the coronavirus crisis.
“The COVID-19 pandemic has had a tremendous impact on our families, communities and economy. As a result, it’s also had a huge effect on our state budget,” said Victory, according to MiSenateGOP. “I am proud we were able to come together on a bipartisan solution that uses available federal funding to help balance a historic mid-year deficit while protecting hardworking Ottawa County families and students — all without raises taxes.”
Sen. Roger Victory
| #MiSenateGOP
The agreement also calls for the state to save $936 million for 2020’s fiscal year.
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