2007 Senate Bill 436 ↩

House Roll Call 173: Passed

To partially close the gap between previously appropriated spending and expected revenue in the current fiscal year budget (which has just four months remaining) by adopting some relatively modest budget cuts (but none to schools), postponing various payments until the next fiscal year, contributing less-than-actuarially sound amounts to pension funds, “raiding” several “restricted” funds for $167.9 million (only $30 million of which is from “<a href="http://www.michiganvotes.org/2005-HB-5047">21st Century Jobs Fund</a>”), and borrowing. The bill actually increases welfare, Medicaid and prison spending. Government restructuring or additional spending cuts will be avoided by borrowing between $100 million and $600 million (depending on further negotiations); see <a href="http://www.michiganvotes.org/2007-HB-4850">House Bill 4550</a>, see <a href="http://www.michiganvotes.org/2007-HB-4851">House Bill 4551</a>, <a href="http://www.michiganvotes.org/2007-HR-123">House Resolution 123</a> and <a href="http://www.michiganvotes.org/2007-HR-124">House Resolution 124</a>.