Business & Economy
Debate looms over dividing state surplus
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By BECKY McKENDRY
Capital News Service
LANSING – Tax cuts or a tax rebate? Pensions or a bailout for Detroit? While there isn’t a simple way to get lawmakers to agree about what to do with an expected $971 million surplus in state revenue, economists have a simple message:
Don’t get too excited. “The amount involved is quite small relative to the whole budget,” said Doug Roberts, director of the Institute for Public Policy and Social Research at Michigan State University. “It won’t have a major impact either way.