#TBT: Preparing for a rainy day means clearer skies in the future

Categories: Blog Features,Fiscal Responsibility,In Case You Missed It,Infographics,Reinventing MI

TBTRainyDayFor Michigan and its citizens, the previous administration wasn’t scared of deficit spending or unbalanced budgets. Unfortunately, that type of “leadership” resulted in annual budgets that averaged $1.5 billion in deficit spending.  The large budget shortfalls also meant that the government had to shut down numerous times, and Michigan’s Rainy Day Fund – a safety net to help during tough times – was almost completely depleted.

The previous administration drained nearly $1 billion from the state’s Rainy Day Fund, and from 2005 up until 2011, the fund averaged a miniscule $2 million.  Republican leadership took charge in 2011, brought responsible government action and made sure that if Michigan ever hit a bump in the road, the state would be able to weather the storm.

Each year Republican leaders have made sure we have more in the Rainy Day Fund.  From 2011 to 2012 Republicans invested more than $360 million into the fund.  In 2013, the fund jumped to $582 million, and in 2014 the fund is projected to reach $700 million.

House Republicans employed thoughtful budgeting, while decreasing taxes, to help our once depleted Rainy Day Fund balloon to the robust safety net it is today. These smart, responsible actions have ensured a brighter future for Michigan, as well as the citizens who call Michigan home.