Introduced
by
The executive recommendation for the Fiscal Year (FY) 2003-2004 Higher Education budget. This appropriates $1.715 billion in adjusted gross spending (funded from all sources, including special state restricted fund and federal pass-through dollars, minus interdepartmental transfers), compared to $1.943 billion, which was the FY 2002-2003 amount enrolled in 2002, excluding any supplemental appropriations, line-item vetoes, or later cuts. Of this, $1.632 billion will come from the general fund (funded by actual state tax revenues), compared to the FY 2002-2003 amount enrolled in 2002 of $1.812 billion. Much more information on Michigan’s budget is available at <a href="http://www.mackinac.org/4964">Hot Topics: Michigan’s Budget Challenge</a> at www.mackinac.org/4964.
Referred to the Committee on Appropriations
