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Anticipated state budget gap for FY 2011: $558 million
National Conference of State Legislatures July 27, 2010
Gov. Jennifer M. Granholm
Office of Jennifer M. Granholm
P.O. Box 30013
Lansing, MI 48909
Phone: (517) 373-3400
Fax: (517) 335-6863
http://www.michigan.gov/gov
Bob Emerson, Director
Office of the Budget
111 South Capitol, 6th Floor
Lansing, MI 48913
Phone (517) 373-7560
Fax (517) 241-5428
http://www.michigan.gov/budget
2010 Legislative Calendar: Regular Session convenes January 13, meets throughout the year.
Legislative Budget Leader:
Rep. Kate Ebli (D), Chair, House Tax Policy Committee 517-373-2617 KateEbli@house.mi.gov
Rep. George Cushingberry (D), Chair, House Appropriations Committee 517-373-2276 georgecushingberry@house.mi.gov
Sen. Nancy Cassis (R), Chair, Senate Finance Committee, senncassis@senate.michigan.gov (517) 373-1758
Michigan is required to pass a "balanced budget." According Article III, Section 52 of the 1867 Constitution, in the budget the governor submits, the balance for total appropriations shall not exceed the balance of total revenues. Neither the governor nor the general assembly shall cause the total appropriations to exceed total revenues. Michigan law forbids the carrying over of a deficit from one year to the next. Even with these requirements, the State reported budget deficits (negative net transactions) on the CAFR's Budgetary Comparison Schedule for each of the years reviewed.
The State maintains five governmental funds: (major) the General Fund and the Department of Transportation-Special Revenue Fund, and (non-major, which are combined for reporting purposes) the debt service fund, the debt service fund for transportation revenue bonds and the capital projects fund. Michigan budgets on a cash basis. Funds that are budgeted include: the General, Special Revenue, and Federal funds. Most, but not all funds, are budgeted.
There are no statutory requirements that govern what kinds of assumptions can be made about revenue or expenses, and so the Michigan budget may be "unbalanced" in different ways in different years. [from the Institute for Truth in Accounting]
Find the state's bond ratings here.
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Mackinac Center for Public Policy |
States Press Workers on Health Care
From The Wall Street Journal
August 27, 2010
As state and local governments push to get employees to pick up more health care costs, some employees are pushing back.
Mich. budget resolution will wait until September
From Bloomberg Businessweek
August 25, 2010
The state Senate met Tuesday but then adjourned until Sept. 7. Lawmakers are waiting on more detail on some of Democratic Gov. Jennifer Granholm's budget proposals before committing to final positions.
Senate: Gov's budget 'do-able'
From The Detroit News
August 20, 2010
Michigan lawmakers expect the governor's budget proposal to be met with little resistance. Granholm's plan would fill a $302 million hole in the state budget year that ends Sept. 30, cut $602 million in the 2010-11 general fund and increase revenue by $305 million.
Gov offers new plan to balance budget
The Detroit News
August 19, 2010
Gov. Jennifer Granholm unveiled a proposed state budget Wednesday with no tax increases and no layoffs, but plenty of belt-tightening. The plan, outlined for House and Senate leaders, would erase the red ink remaining in this year's budget and the projected deficit in next year's through cuts, government reforms and the use of one-time funds.
Federal jobs bill worth $698 million to Michigan
August 11, 2010
Businessweek
Michigan's state budget situation should be a little less bleak now that about $698 million in additional federal aid appears to be headed its way. The Center on Budget and Policy Priorities has said Michigan will get about $318 million for schools and about $380 million for Medicaid.
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