Ready To Spend $702 Million

By Greg Robinson
Published On: May 22 2013 08:57:01 AM EDT

Michigan Governor Rick Snyder was also on hand for the event.

Lansing -

Christmas is coming early for drivers and educators across the state of Michigan. Gov. Rick Snyder and Republican lawmakers have reached a deal on how to split up $702 million in surplus revenue.  About $350 million of the projected surplus would be used for one-time priority road projects. Another $140 million would be spent on K-12 education and $75 million would be put in the state's rainy day fund. According to House Speaker Jase Bolger (R-Marshall), the final budget would not include Snyder's two biggest policy initiatives for the year: adding more than $1 billion annuallly for roads and adding 450,000 low-income residents to the Medicaid health insurance program.

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