Michigan state budget jumps by $5 billion over 3 years
By Tom Gantert | Michigan Capitol Confidential
Amid all the publicity of the city of Detroit’s 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.
at Michigan Capitol Confidential.