Another Update from Gov. Snyder, good news!
Michigan job growth outpaces U.S.
After I was elected governor but before I took office, I read a financial report that predicted Michigan would rank dead last in job creation in 2011.
At the time, I remember saying to my staff, “This is fiction. It’s not going to happen on our watch.”
Today, I am proud to report that in 2011, job growth in Michigan actually beat the national average. That is the assessment from an economist from the University of Michigan who took part in today’s official Consensus Revenue Estimating Conference, through which the state treasury department and the House and Senate fiscal agencies agree on what the state can realistically expect in terms of revenue for the upcoming year.
But that’s not the only good news. Today we also learned that the state expects a budget surplus of approximately $457 million.
2011 was not easy. But by making the tough decisions and working to structurally balance the budget, we now find ourselves in a place where instead of worrying over how to eliminate deficits, we are now able to concentrate on paying off debt and making strategic investments for the future.
|Gov. Rick Snyder|