Introduced
by
The executive recommendation for the Fiscal Year (FY) 2004-2005 capital outlay budget. This appropriates $571.1 million in adjusted gross spending (funded from all sources, including special state restricted fund and federal pass-through dollars, minus interdepartmental transfers), compared to $569.0 million, which was the FY 2003-2004 amount enrolled in 2003. Of this, $271.3 million will come from the general fund (funded by actual state tax revenues), compared to the FY 2003-2004 amount of $281.3 million. 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
