Report 344 ( September 2006 ) 32 pages
Proposal 2006-05: Educational Funding Guarantee Law
The Citizens Research Council has released its analysis of Proposal 2006-05, the Educational Funding Guarantee Law, a statutory initiative that Michigan voters will be presented with at the November 7, 2006, general election. The proposal would amend the State School Aid Act to guarantee a minimum amount of state funding for K-12 schools, community colleges, and universities in Fiscal Year 2007 (FY07). For all years after fiscal year 2007, the proposal would guarantee funding increases equal to the annual change in inflation.