2003 Senate Bill 285 ↩

House Roll Call 483: Passed

The House-Senate conference report for the Fiscal Year (FY) 2003-2004 Department of Career Development and the Michigan Strategic Fund budgets. (Note: Gov. Jennifer Granholm’s proposed budget for this department is <a href="http://www.michiganvotes.org/2003-SB-309">Senate Bill 309 </a>.) This appropriates $571.2 million in adjusted gross spending (funded from all sources, including special state restricted fund and federal pass-through dollars, minus interdepartmental transfers), compared to $605.9 million, which was the FY 2002-2003 amount enrolled in 2002, excluding any supplemental appropriations, line-item vetoes, or later cuts. Of this, $65.2 million will come from the General Fund (funded by actual state tax revenues), compared to the FY 2002-2003 amount enrolled in 2002 of $64.5 million. The Strategic Fund/ Michigan Economic Development Corporation (MEDC) share of this is $104.4 million gross, and $40.5 million from the General Fund, which is increased by $5 million above the amount originally recommended by the governor. The FY 2002-2003 amounts were $147.5 million gross and $38 million from the General Fund. Much more information on Michigan’s budget is available at <a href="http://www.mackinac.org/4964">Hot Topics: Michigan’s Budget Challenge</a> at www.mackinac.org/4964.