How about this, we just audit the whole state government, look for wasteful spending, and remove it. We add an amendment to our state constitution that states the state cannot spend more then it takes in, ever! And the state will have to learn to live with in its means… Just an idea, and idea whose time has come.
Tax credits issued through the Michigan Economic Development Corporation while Jennifer Granholm was governor are beginning to scoop dollars out of state coffers by the bucketful. The total cost of businesses claiming these credits against taxes due or cashing them in has been tagged at $9.38 billion.
This isn’t happening all at once, but is expected to continue into the future with significant budgetary impacts for years to come.