Introduced
by
The executive recommendation for the Fiscal Year (FY) 2007-2008 General Government budget, which funds the Attorney General, Civil Rights Department, Civil Service Department, Executive, Legislature, Department of Management and Budget, Department of State, Department of Information Technology, and Department of Treasury. This appropriates $3.172 billion in gross spending, compared to $2.913 billion, which was the FY 2006-2007 amount enrolled in 2006. Of this, $681.0 million will come from the general fund (funded by actual state tax revenues), compared to the FY 2006-2007 amount of $607.3 million. Another $1.747 billion is from "restricted funds," or earmarked tax and fee revenue, compared to $1.658 billion the previous year. $1.113 billion of this budget is paid out in revenue sharing to local governments, compared to $1.107 billion the previous year. Note: Gov. Jenifer Granholm’s executive budget recommendations are premised on the legislature adopting a 2 percent tax on services which along with other tax increases and a proposed reduction in business taxes represents a net tax hike of approximately $1 billion http://www.michiganvotes.com/Legislation.aspx?ID=45904.
Referred to the Committee on Appropriations
