Insider Intelligence

On Thursday, the Michigan House of Representatives passed a $3.5 billion funding plan to aid the state in its response and recovery from COVID-19. Specifics of the plan include: $510 million in Supplemental Nutrition Assistance Program funding $363 million statewide for districts committing to in-person learning by February 15 $135 million for a voluntary K-8 […]

Today, the directors of the House and Senate Fiscal Agencies came together with State Treasurer Rachael Eubanks and newly named State Budget Director Dave Massaron to reach a consensus for projected state revenue for the upcoming fiscal year. In order to get a better understanding, they heard from economic experts on the state of the […]

Senate Appropriations Committee Chairman Jim Stamas (R-Midland), House Appropriations Committee Chairman Shane Hernandez (R-Port Huron), and State Budget Director Chris Kolb announced they have reached an agreement on the spending parameters for the state’s 2021 Fiscal Year budget. Despite the impact of the pandemic on the state’s economy and budget, under the agreement there won’t […]

This week, the legislature approved of two bills resolving the $2.2 billion budget deficit for the current fiscal year and the Senate Appropriations Committee approved of an executive order reducing current-year spending. The plan utilizes $936 million in spending cuts and hiring freezes and most state agencies will see reductions, including the executive and legislative […]

A deal was reached this week to deal with the $2.2 billion budget shortfall caused by COVID-19 within the current 2019-2020 Fiscal Year budget. The budget agreement was announced by Governor Gretchen Whitmer, Senate Majority Leader Mike Shirkey(R-Clarklake), and Speaker of the House Lee Chatfield (R-Levering). The deal relies on federal COVID-19 relief funding for […]

Today the biannual Consensus Revenue Estimating Conference (CREC) was held, where it was agreed the state will have significantly less funds available when crafting the upcoming Fiscal Year budget. Today’s conference is a follow-up to January’s conference, where updated economic data is used to review, and adjust when necessary, the anticipated revenue to the state. […]

After back and forth between the House and the Senate, the chambers approved of legislation providing $312 million in supplemental funding for the current fiscal year. The bill provides funding for several of the programs that had their appropriations vetoed by Governor Gretchen Whitmer in 2019. Funding within the legislation includes: $25 million for state […]

With a focus on education and skills, health and families, and climate and water, State Budget Director Chris Kolb presented the Executive Budget recommendations for the upcoming fiscal year beginning on October 1, 2020 to the House and Senate Appropriations Committees. The total budget spending is $61.9 billion, an increase of 3.9% from the current […]