This week, there was movement in both the House and Senate on the state budget for the upcoming fiscal year, which begins on October 1.
In a late-night session on Wednesday, the House passed the omnibus and education omnibus budgets. Aspects within the House versions include:
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- The budget totals $75.8 billion.
- $100 million for roads.
- A $250 per-pupil increase, bringing the foundation allowance to $10,300.
- $10 million for the Public Safety Trust Fund.
- A $65 million increase to revenue sharing for local governments.
- A $300 million deposit into the rainy-day fund.
The Senate Appropriations Committee finished reporting all individual budgets this week, sending them to the Senate floor for consideration. Aspects within the Senate budget bills include:
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- Similar to the House, the Senate is proposing a $250 per-pupil increase, bringing the foundation allowance to $10,300.
- $150 million to provide bonuses to educators.
- $300 million for school safety and mental health efforts.
- $152 million for the Selfridge Air National Guard Base.
- Funding for the more than 200 problem-solving courts statewide.
- A $350 million withdrawal from the rainy-day fund.
Next Steps:
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- The full Senate will vote on the budgets in the coming days.
- The biannual May Consensus Revenue Estimating Conference will be held on May 15 to finalize the projections for the upcoming fiscal year.
- The chambers will pass different iterations of the budgets, and the originating chamber will vote not to approve.
- The House and Senate will name members to conference committees for each budget, where they will negotiate the items of difference.
