Michigan Funding All Sources

All $'s in Billions Except / Student #'s

We pay $16.58 Billion to Washington D.C.

Federal Funds

$14.92 $7.96

Michigan Loses $1.66 Billion or more a year

6% Sales & Use Tax

$7.01

State Income Tax

$3.24

Permits/Fees/Lottery

$2.92

Business Taxes

$2.22

Transportation Taxes

$2.04

State 6 Mill Education Tax

$1.70

Other Taxes

$1.06

Tobacco Tax

$0.50

Local/Private

$0.27

Fund Balances

1) Money Flow From Revenue Source to State Coffers...

3) State and Federal funds to Schools. The "Foundation" funds spent by schools and ISDs, categorical and special education funds restricted by statute; 99% of funding is from State Restricted or Federal Funds (i.e., little from General Fund).

Foundation Base $9.88 billion

State Money Sources Fiscal Year '08-09 $43.84 Billion

School Aid K12 $13.38 billion ($8,226/Child)

$6,078/Student Why not the $7,316/Student the State Claims?

Other Categorical $2.05 billion

$1,256/Student

Special Ed. $1.45 billion

Because the difference is from LOCAL 18 mil non-homestead tax

$892/Student

$5,101/Student Net Foundation $13.38

3.7%

-1.0%

-6.2%

6.2%

$1.36 $1.17

0.5%

-1.6%

4.1%

Legislature $0.115

Transportation

$2.04 $2.16

Corrections

Higher & Comm Ed.

1.9%

'08-09 State Spending $43.84 Billion

Local School Budgets $11.79 billion

Pension Costs Paid by Schools $1.59 billion/Yr.

$978/Student

Treasury - Other All Others

$2.65

State Police $0.504 Dept. of State $0.195

-7.9%

$892/Student Special Ed.

State Financial Reports Shows This SHOULD BE $3.4 BILLION / Yr.

Treasury - Rev Sharing $0.40

$1,256/Student Categoricals

4) State Mandated Pension Costs come out of school budgets cutting effective per student funding

Labor/Ec Growth

Mgt. & Budget $0.383 -7.5%

1,626,300 Michigan Children

Human Services

$3.61 -1.9%

0.0%

Community Health

$4.57

7.5%

School Funding

School Aid K12

$12.49

3.1%

All Others $1.462

2) Money Allocated to Budget Categories. Amounts in billions and percentage next to amount is the rate of increased funding for that category.

Unfunded Pension Liability $30.9 billion

$18,999/Student

5) Unfunded Liability is not being addressed. Getting worse every year!

$704 / Student More / Yr. Over 27 years or $1.14 Billion Per Year To Pay off Liability