A relatively strong economy and the availability of new federal funding creates circumstances for an unusual process for the Fiscal Year 2023 budget – a growth budget. The Citizens Research Council of Michigan’s Bob Schneider and Craig Thiel reviewed the Governor’s proposed budget to take stock of available revenues, highlight spending priorities, analyze recommendations for school funding and other major budget categories, describe the historic context of the proposed budget, assess the effects of proposed tax cuts, and analyze the proposed uses of COVID-relief, infrastructure, and state surplus dollars.
March 4, 2022