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FY 2020/21 Budget Agreement Reached

Sep 18, 2020

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 be a reduction in funding to K-12 schools or local government revenue sharing.

House and Senate subcommittee chairs will now work with state departments and the State Budget Office to resolve the details of each budget. Final legislative action is expected to occur next week with the Governor’s final approval soon thereafter. The state’s new fiscal year begins on October 1.

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