2023 House Bill 4424

School aid: supplemental; funding for the elimination of debt for certain districts; provide for.

A bill to amend 1979 PA 94, entitled “The state school aid act of 1979,” by amending section 11 (MCL 388.1611), as amended by 2022 PA 212, and by adding section 22e.

AI Analysis – Experimental

Proposes appropriations for the fiscal year ending September 30, 2023, totaling $16,767,072,900 from the state school aid fund, $124,200,000 from the general fund, up to $72,000,000 from the community district education trust fund, and up to $140,400,000 from the MPSERS retirement obligation reform reserve fund.