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Michigan state budget (2008-2009)
| Note: This article was last updated in 2009. Click here for more recent information on state budgets and finances. |
Michigan faced a $1.7 billion budget deficit for fiscal year 2009 and a budget gap of $1.6 billion for fiscal year 2010, according to the Center on Budget and Policy Priorities.[1][2]
According to state officials, the state expected to see a $300 million shortfall. The general fund was expected to see a total drop of 26%. In May 2009, Gov. Jennifer Granholm ordered a 4% reduction in spending in fiscal year 2009.[1]
Budget background
- See also: Michigan state budget and finances
The Michigan state budget is proposed to the governor on an annual basis. The Michigan Constitution requires the governor to propose an Executive Budget for state activities every February. By law, the Executive Budget must be submitted to the legislature within 30 days after the legislature convenes in regular session on the second Wednesday in January.[3]
Budget figures
The following table shows total state spending in recent years.
| Year | Gross appropriations | Federal revenue | Difference – state spending from state sources |
|---|---|---|---|
| FY 2008-2009 | $44,633,407,900 | $14,917,594,200 | $29,715,813,700[4] (Increased $108 million) |
| FY 2007-2008 | $43,578,704,400 | $13,970,996,300 | $29,607,708,100[5] (Increased $402 million) |
| FY 2006-2007 | $42,385,938,000 | $13,180,056,000 | $29,205,882,000[5] (Increased $1.079 billion) |
| FY 2005-2006 | $40,904,128,000 | $12,778,003,500 | $28,126,124,500[5] (Increased $677 million) |
| FY 2004-2005 | $39,923,663,500 | $12,351,486,100 | $27,448,662,539[5] (Decreased $247 million) |
| FY 2003-2004 | $39,241,892,100 | $11,546,223,200 | $27,695,668,900[5] |
See also
Footnotes
- ↑ 1.0 1.1 Associated Press, "More Michigan budget cuts planned for 2009-10," May 15,2009
- ↑ Center on Budget and Policy Priorities, "State budget troubles worse," May 18,2009
- ↑ Michigan Office of Budget, Budget Process
- ↑ House Fiscal Agency, "Appropriations: Summary and Analysis, FY 2008-09," October, 2008
- ↑ 5.0 5.1 5.2 5.3 5.4 House Fiscal Agency, "Appropriations: Summary and Analysis, FY 2007-08," December, 2007
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State of Michigan Lansing (capital) |
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