Insider Intelligence

Projections for General Fund (GF) revenue were revised down by $178.8 million for the 2017 Fiscal Year.  On a positive note, the revenue earmarked for the School Aid Fund (SAF) has increased from earlier estimates by $152.9 million for the 2017 Fiscal Year, resulting in an overall increase of $25.9 million from the January estimates.  […]

This week, the House and Senate both passed proposed budgets for the upcoming 2017-2018 Fiscal Year.  This was the next step in the process to secure the completion of budgets prior to the self-imposed deadline of early to mid-June. In keeping with past years, the House passed two omnibus budgets; one for K-12, Community Colleges, […]

This week, the House and Senate Appropriations Committees reported budgets for the upcoming 2017-2018 Fiscal Year.  Overall, both committees appropriated less funds than Governor Rick Snyder’s executive recommendations.  In their current forms, the House spends $482.6 million less and the Senate comes in $219.7 million below the Governor’s recommendations. As with prior years, the House […]

This week the House and Senate Appropriations Subcommittees reported the remaining budget bills to the full Appropriations Committees.  This concludes the first step in the budget process for the upcoming 2017-2018 Fiscal Year.  “The House and Senate Appropriations Committees seem to be on track to report their budgets with full chambers taking action on the […]

The 2017-2018 Legislative Session officially began on Wednesday, January 11, with the first day the chambers held session.  Since then, a lot has happened around the Capitol.  The House of Representatives has been busy, especially since many representatives were new to the legislature and both parties are led by new leadership teams.  While the Speaker of […]

The budget process officially began in January with the biannual Consensus Revenue Estimating Conference.  The following the month, Governor Rick Snyder presented his executive budget recommendations before a joint House and Senate Appropriations Committee.  Since that time, the House and Senate have been busy introducing their budgets and Appropriations Subcommittees have been holding hearings to […]

Today, before a joint House and Senate Appropriations Committee, Governor Rick Snyder, Lt. Governor Brian Calley, and the new State Budget Director Al Pscholka presented the executive budget recommendations for the 2017-2018 Fiscal Year.  The overall budget recommendation totals $56.3 billion, an increase of 2.5% from the prior fiscal year’s budget.  Within the budget, 74% […]

On Thursday, January 12, the biannual Consensus Revenue Estimating Conference was held in Lansing.  The conference included members of the House and Senate Appropriations Committees, the directors of the House and Senate Fiscal Agencies, the State Treasurer, Nick Khouri, and the incoming State Budget Director, Al Pscholka.  After hearing testimony from the Research Seminar on […]