Skip to comments.Michigan State Budget Has Increased Almost $5 Billion the Past Three Years
Posted on 07/29/2014 12:30:16 PM PDT by MichCapCon
Amid all the publicity of the city of Detroits bankruptcy and bailout, the scramble to find money for road repairs and school superintendents who have spun funding increases as reductions, what may be lost is that the overall state budget is projected to increase by $2 billion in fiscal 2014-15.
In fact, the state will spend about $4.7 billion more than it did in 2011-12, according to the Senate Fiscal Agency. An increase in federal money accounts for $2 billion of that $4.7 billion increase over the past three years.
The state has appropriated $53.12 billion for 2014-15. The overall state budget was $48.42 billion in 2011-12, then increased to $48.55 billion in 2012-13 and is at $51.15 billion this year, according to the Senate Fiscal Agency. Those figures include federal dollars. For the 2014-15 budget that has been proposed, $21.73 billion is federal money.
Am I surprised? No, said Jason Gillman, a tea party activist from Traverse City.
Truthfully, people have given up trying to keep track. Are other people going to be surprised? They arent going to care. If they cared, theyd see it coming, too.
The states economic rebound has caused tax revenues to increase even after business tax cuts and a slight reduction in the personal income tax rate, said James Hohman, assistant director of fiscal policy at the Mackinac Center for Public Policy.
Its all the more reason to be skeptical of policymakers demanding more taxpayer money, Hohman said.
I thought it was the university at first! Trying to but a football team.
I’m back to the state, hopefully just for the Summer and Fall, and I can tell you that the roads around the Flushing airport are terrible and hard on the suspension and my back.
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