2002 House Bill 5643 ↩

House Roll Call 289: Passed

The House version of the FY 2002-2003 Department of Career Development and the Michigan Strategic Fund budgets. This appropriates $690.2 million in adjusted gross spending (funded from all sources, including special state restricted fund and federal pass-through dollars, minus interdepartmental transfers), compared to $706.2 million, which was the FY 2001-2002 amount enacted in 2001, excluding any supplemental appropriations. Of this, $81.7 million will come from the General Fund (funded by actual state tax revenues), compared to the current year’s $91.0 million. The budget includes suspension of $13 million GF in job training grants funded by the Strategic Fund. The two departments’ FY 2002 funding were cut a combined $13.5 million in a November, 2001 budget-balancing executive order. The House version adds $1 million for a program that encourages bank lending to Michigan businesses.