State Fund 2008-2009
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Michigan only get 90 Cents on the $1 from federal taxes. If 100% this could be $1 billion more. These funds are earmarked for specific programs or uses.
1) Money Flow From Revenue Source to State Coffers...
Federal Funds
Total Funds Available for State Budget
State Money Sources Fiscal Year 08-09 $42.95 Billion
$14.84
Funds from State Taxes/Fees/ Lottery all earmarked for specific programs or uses by law or regulation.
State Restricted
$19.23
This represents the only funds "controlled" by legislature and comes from state revenues not previously earmarked.
General Fund
$8.88
1) Money Flow From Revenue Source to State Coffers...
Federal Funds
Total Funds Available for State Budget
State Money Sources Fiscal Year 08-09 $42.95 Billion
$14.84
Funds from State Taxes/Fees/ Lottery all earmarked for specific programs or uses by law or regulation.
State Restricted
$19.23
This represents the only funds "controlled" by legislature and comes from state revenues not previously earmarked.
General Fund
$8.88
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