Introduced
by
The executive recommendation for the Fiscal Year (FY) 2007-2008 Department of Education budget. This appropriates $93.1 million in gross spending, compared to $90.665 million, which was the FY 2006-2007 amount enrolled in 2006. Of this, $6.58 million will come from the general fund (funded by actual state tax revenues), compared to the FY 2006-2007 amount of $6.66 million. 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.
Referred to the Committee on Appropriations
