Introduced
by
The executive recommendation for the Fiscal Year (FY) 2007-2008 higher education budget for “research” universities, meaning the University of Michigan, Michigan State, and Wayne State. This appropriates $960.2 million in gross spending, all of which comes from the general fund (funded by actual state tax revenues.) In FY 2006-2007, the total budget for all research and non-research universities was $1.787 billion, of which $1.624 billion was general fund money. The comparable figures for FY 2007-2008 are $1.813 billion gross and $1.681 billion general fund. 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
