A bill to amend 1979 PA 94, entitled “The state school aid act of 1979,” by amending sections 11 and 147c (MCL 388.1611 and 388.1747c), as amended by 2023 PA 3.
The bill outlines appropriations for the fiscal year ending September 30, 2023, with a total of $17,754,072,900 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. It specifies allocations for the 2022-2023 fiscal year, including significant funds for Michigan public school employees' retirement system payments to participating districts and district libraries within the retirement system.
Introduced
by
Referred to the Committee on Appropriations
