Table of Contents
Michigan Fiscal Update
Fiscal Update Topics
After a Decade of Good Times, How is Michigan Doing?
Per Capita Personal Income Michigan & U.S.: 1971 - 2000
Michigan Gross State Product by Industry: 1977, 1987, 1997
Total Non-Agricultural Employment, 1995 - 2001
Unemployment Rate, 1991 - 2001 Michigan & U.S.
Michigan Ranks Low Recent Measures
Michigan Ranks High in Some Areas
Michigan Revenue & Tax Changes
Revenue Problems
Revenue Problems Continue
More Revenue Revisions
Perspective
FY2002 General Fund
FY2002 School Aid
The FY2003 Budget
The Gaps
General Fund & School Aid Fund Operating Gaps
FY2003 General Fund
FY2003 General Fund (continued)
FY2003 General Fund (continued)
General Fund Arithmetic
FY2003 School Aid
The School Aid Arithmetic
How to Solve the Problems
Reducing General Fund Spending
Reducing General Fund Spending (continued)
Reducing School Aid Spending
Temporary Revenue Enhancement Possibilities
More Balancing Possibilities---These Could be Permanent
School Aid Revenue Possibilities
May Be the Worst Budget Crisis in 40 Years
Budget Crisis (continued)
Citizens Research Council of Michigan