Michigan Turnaround Plan

 

Step 1: Responsibly Manage Finances

Progress on MTP             

  • Improve revenue forecasting

  • Multi-year financial & budget plans

  • Citizen-friendly balance sheet

  • Zero-based budgeting to increase results

  • No new programs unless others eliminated or revenues grow

2012 MTP Goals

  • State strategic plan

  • "Price" the cost of legislation

  • Memorialize sound fiscal management practices

  • Reduce debt levels to achieve AAA bond rating