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Surplus may go to roads, school safety, debt, savings

LANSING, Mich. (AP) — Gov. Rick Snyder’s administration and key legislative leaders said Wednesday they want to use hundreds of millions of dollars in additional tax revenue to boost savings, pay down debt and increase spending on roads and school safety.

The priorities were identified after the state treasurer and legislative economists agreed to revised budget figures.

Combined revenue in Michigan’s two main funds is projected to be $23.7 billion this fiscal year, $315 million more than was projected in January.

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