Gov. Gretchen Whitmer on Monday signed the bipartisan $57.4 billion state general government budget for Fiscal Year 2024. Read further to see what’s in it
State budget
After spending 18 hours in session starting Thursday, the Legislature passed a $76 billion budget for Fiscal Year 2023 early Friday morning, meeting its July 1 deadline.
A $2.5 billion tax relief plan put forward by the Republican-led Legislature drew out the veto pen Friday from Michigan Democratic Gov. Gretchen Whitmer, who said it would “blow a recurring, multi-billion-dollar hole in basic state government functions from public safety to potholes.
With the midterm elections looming, tax cuts are shaping up to be a major fight this year between Democratic Gov. Gretchen Whitmer and the GOP-controlled Legislature.
Gov. Gretchen Whitmer’s new budget plan will include a 5% funding hike for Michigan’s 15 public universities and 28 community colleges — the highest increase in decades. Universities would have to cap tuition increases.
Gov. Gretchen Whitmer signed into law Wednesday the nearly $70 billion Fiscal Year 2022 budget, while axing Republicans’ cuts to abortion access and noting that budget language restricting COVID-19 mandates is unenforceable.
With just over a week before the start of Fiscal Year (FY) 2022, both chambers of the Legislature finished on Wednesday passing remaining spending plans worth about $53 billion. They now head to the desk of Democratic Gov. Gretchen Whitmer, who has said she’ll sign them.
The GOP-led Legislature took a key step Tuesday toward completing the nearly $70 billion Fiscal Year (FY) 2022 budget, carving out money for criminal justice reform, education and a number of Democratic Gov. Gretchen Whitmer’s programs for workers.
The Michigan Supreme Court on Wednesday primarily ruled in the state’s favor on a major case regarding how the state funds local governments and schools.
“A storm of skyrocketing unemployment paired with plummeting tax revenue have plunged the state budget into a multi-billion dollar deficit. State Budget Office Communications Director Kurt Weiss told The Center Square in an email that tax revenues for this fiscal year are projected to drop between $1 billion and $3 billion.”