10 PM UPDATE:
Governor Gretchen Whitmer, Senate Majority Leader Winnie Brinks and Speaker of the House Matt Hall announced Thursday they've reached a plan on the school aid and general budget, lowering the chances of a government shutdown.
WATCH: Michigan budget deal includes marijuana tax to fund road repairs
The governor saying in a statement "I am grateful to Majority Leader Brinks, Speaker Hall, and legislators on both sides of the aisle for working hard to move this budget forward."
It includes a long-term road funding plan and it comes with new revenue sources.
State Representatives passed a bill 78-21 that would add a 24% tax on the wholesale price of marijuana sold in Michigan. That's expected to bring in over $400 million a year.
The bill will also create a fund dedicated to local roads and bridges. And in the first year, it's expected the fund would have $688 million.
Speaker Hall says this plan focuses on what he believes is most important: the roads.
"I really think what we did here was were forcing the democrats to finally fix our roads and especially our local roads as we put 1.5 billion dollars into our local and it goes up to 1.8 over the next 5 years," GOP Speaker of the House Matt Hall said.
The House also passed a bill to create tax deductions on overtime, tips and social security.
We don't know how much the budget will be at this time.
ORIGINAL POST:
Governor Gretchen Whitmer, Senate Majority Leader Brinks, and House Speaker Hall say they have reached a deal to pass a budget before the October 1 deadline.
They say the bipartisan budget ensures top priorities for both Democrats and Republicans, which will lower Michiganders' costs, reduce waste and increase government efficiency.
During a press conference, House Speaker Matt Hall announced that they have a framework set for the budget.
Leaders will continue meeting to finalize and pass the budget.
“In Michigan, we’ve proven again and again that we can work together to get things done by staying focused on the kitchen-table issues that make a real difference in people’s lives," said Governor Whitmer.
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