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Michigan state budget (2010-2011)
Note: This article was last updated in 2011. Click here for more recent information on state budgets and finances. |
The Michigan legislature passed the FY2011 $8.3 billion state budget on September 29, 2010,[1]. Gov. Jennifer Granholm signed the budget the following day.[2]
The state's fiscal year begins on October 1st and ends on September 30th of the following calendar year.[3]
Going into the fiscal year, Michigan had a total state debt of $69,418,882,370 when calculated by adding the total of outstanding debt, pension and OPEB UAAL’s, unemployment trust funds and the 2010 budget gap as of July 2010.[4]
Total spending | Energy | Healthcare | Education | Tech | Protection | Transport | Treasury | Human Services |
---|---|---|---|---|---|---|---|---|
$44 | $1.4 | $14.3 | $13.4 | $0.75 | $2.0 | $2.7 | $1.7 | $7 |
Total spending | Pension | Healthcare | Education | Welfare | Protection | Transport | Deficit |
---|---|---|---|---|---|---|---|
$55.8 | $1.5 | $3.8 | $20 | $1.5 | $4.7 | $4.1 | $48.4 |
FY2011 State Budget
Find the state’s FY2011 Comprehensive Annual Financial Report (CAFR) compiled by the state government online.[7]
The state brought in more revenue than previously expected for the fiscal year that ended Sept. 30, 2011.[8] State budget officials said in Jan. 2012 that there was an unanticipated surplus of $457 million.[9]
The state legislature passed the FY2011 state budget on September 29, 2010.[1] The budget totaled $8.3 billion, up about $500 million from the prior year's budget.[10] The state eliminated a $484 million deficit in the 2011 fiscal year, which began Oct. 1, 2010.[1][11]
Budget background
The Michigan Constitution requires the Governor to propose an Executive Budget for state activities on an annual basis. By law, the Executive Budget must be submitted to the Legislature within thirty days after the Legislature convenes in regular session on the second Wednesday in January. However, when a newly elected Governor was inaugurated into office, sixty days were allowed to prepare the proposal.[12]
By statute, any recommendation for the reduction of expenditures must be approved or disapproved by both of the Appropriations Committees within ten days after the recommendation was made. A reduction cannot be made without approval from both committees; not later than thirty days after a proposed order was disapproved, the Governor may submit alternative recommendations for expenditure reductions to the committees for their approval or disapproval.[13]
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[14] (Increased $108 million) |
FY 2007-2008 | $43,578,704,400 | $13,970,996,300 | $29,607,708,100[15] (Increased $402 million) |
FY 2006-2007 | $42,385,938,000 | $13,180,056,000 | $29,205,882,000[15] (Increased $1.079 billion) |
FY 2005-2006 | $40,904,128,000 | $12,778,003,500 | $28,126,124,500[15] (Increased $677 million) |
FY 2004-2005 | $39,923,663,500 | $12,351,486,100 | $27,448,662,539[15] (Decreased $247 million) |
FY 2003-2004 | $39,241,892,100 | $11,546,223,200 | $27,695,668,900[15] |
General Fund[16]
Category | FY2009 Amount in millions Actual | FY 2010 Amount in millions Estimated |
---|---|---|
Beginning Balance | 458 | 177 |
Revenues | 7,161 | 6,891 |
Adjustments | 1,014 | 1,075 |
Total Resources | 8,633 | 8,143 |
Expenditures | 8,456 | 8,108 |
Adjustments | 0 | 0 |
Ending Balance | 177 | 34 |
Budget Stabilization Fund | 2 | 2 |
Accounting principles
The Michigan Office of the Auditor General had the responsibility, as stated in Article 4, Section 53 of the State Constitution, to conduct reviews and performance audits of State government operations. In addition, certain sections of the Michigan Compiled Laws contain specific audit requirements in conformance with the constitutional mandate. Thomas H. McTavish had served as Michigan Auditor General since 1989. Michigan's audit reports were published online.[17][18]
See also
Footnotes
- ↑ 1.0 1.1 1.2 ABC News "Michigan Lawmakers Finish Passing State Budget" Sept. 29, 2010
- ↑ The Detroit Free Press "Granholm signs budget bills into law" Sept. 30, 2010
- ↑ State Budget Office
- ↑ State Budget Solutions “States Hide Trillions in Debt” July 22, 2010
- ↑ Michigan State Budget, Executive Budget Fiscal Year 2011
- ↑ USA Spending, State Guesstimated* Government Spending
- ↑ FY2011 CAFR
- ↑ The Lansing State Journal "Michigan's budget could get infusion" Oct. 17, 2011
- ↑ The Chicago Tribune "Michigan AG: Use surplus to hire 1,000 officers" Jan. 25, 2012
- ↑ Cite error: Invalid
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- ↑ The Detroit News "Gov offers new plan to balance budget" Aug. 19, 2010
- ↑ Michigan Office of the State Budget Web site, accessed October 26, 2009
- ↑ Michigan Office of the State Budget Web site, accessed October 26, 2009
- ↑ House Fiscal Agency, "Appropriations: Summary and Analysis, FY 2008-09," October, 2008
- ↑ 15.0 15.1 15.2 15.3 15.4 House Fiscal Agency, "Appropriations: Summary and Analysis, FY 2007-08," December, 2007
- ↑ National Governors Association and National Association of State Budget Officers Fiscal Survey of States June 2010 (dead link)
- ↑ Michigan Office of the Auditor General Web site, accessed October 26, 2009
- ↑ audit reports
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