CREC yourself before you wreck yourself

“CREC yourself before you wreck yourself.” For the last 11 years, I have been trying to slip that joke into my work in the Legislature and now the League. And I had an epiphany yesterday that I might finally be able to do it…as long as I put my own name on it.

I also need to give it a proper explanation, as there’s probably a small sliver of people who know what CREC is AND get 90s Ice Cube lyrics. CREC stands for Consensus Revenue Estimating Conference. Held in January and May of every year, CREC is comprised of the directors of the House and Senate Fiscal Agencies and the state treasurer or budget director.

These fiscal experts analyze and report on economic indicators and state revenue projections. The consensus that is reached during the January conference becomes the revenue basis for the governor’s budget proposal, and the consensus reached during the May conference become the revenue basis for the budget bills passed by the Legislature.

The May Consensus Revenue Estimating Conference was earlier this week, and the news on state revenues is not great. But there is a silver lining, at least to me—it makes “wreck yourself” particularly relevant.

Since January, some Michigan legislators have been really hot on cutting the state income tax. This is a bad idea on its face, but especially in this current context. As League CEO Gilda Z. Jacobs said, “Given the fluctuations in state revenues, it was and continues to be foolhardy to consider tax cuts that would further jeopardize state services.”

if-only-i-had-checked-myselfSee! “CREC yourself before you wreck yourself” is not just a (bad) pun—it’s a valid point. The very intent of the Consensus Revenue Estimating Conference is for lawmakers to check themselves and incorporate these estimates into their state spending and budgets. And if they don’t take these forecasts seriously and make poor fiscal decisions, they stand to wreck our state budget, our state services and ultimately our state.

The Legislature needs to let talk of an income tax cut die. And when the House and Senate budget committees begin meeting soon, lawmakers should be sensible and strategic with our state dollars, investing in the programs and services that support our workers and families and get the most bang for our state bucks. For example, increasing state funding for child care and heating assistance can leverage hundreds of millions of dollars in federal funding.

The next few weeks are critical to the state budget and the priorities you and I value. To help you get involved, the League has put together a timeline and advocacy tips on the state budget. We also continue to produce budget briefs on some of the issues that are most important to us and to you: supporting education, including child care, K-12 schools and colleges and universities, protecting healthcare and the Healthy Michigan Plan, and reducing incarceration and providing adequate support for prisoners.

Whether you can work a rap reference in or not, I hope you will join the League in standing up for these budget priorities and urging lawmakers to make smart investments in our state’s future.

Alex Rossman

Many bright spots in governor’s budget, but cloud of tax cut still looms

For Immediate Release
February 8, 2017

Contact:
Alex Rossman
arossman@mlpp.org
517-487-5436

Governor’s budget includes funding for many League priorities that support kids, workers and families

LANSING—The Michigan League for Public Policy issued the following statement on Governor Rick Snyder’s 2018 budget presented this morning. This statement can be attributed to Michigan League for Public Policy President & CEO Gilda Z. Jacobs.

“The governor’s budget today is very positive and includes money for many of the programs and services that help struggling workers and families. The League has been a champion for leveraging federal funds to support important state services, and the budget includes $6.8 million to draw down the federal money needed to keep the Heat and Eat program going and $8.4 million in state funds for child care to secure much-needed federal funding. The budget upholds continued funding for the Healthy Michigan Plan, which provides healthcare for more than 600,000 Michiganians with low incomes under the Affordable Care Act, and we appreciate Governor Snyder’s continued commitment to protecting that successful program in Michigan. (more…)