Transcript Title
Budget Basics The State Budget: A Matter of Priorities Renell Weathers, Outreach Director [email protected] 2013 The League’s Mission To foster economic opportunity, independence and security for Michigan families by shaping public policy through objective data-driven research, education and advocacy. 1223 Turner St. Suite G-1, Lansing, MI 48906-4369 (517) 487-5436 Fax: (517) 371-4546 Web site: www.mlpp.org A United Way Agency MONEY IN REVENUE MONEY OUT APPROPRIATIONS Where the Money Comes From Business Taxes 1% Other 21% Federal Funds 43% Income Taxes 17% Sales and Use Taxes 18% FY 2013, Total Spending = $46.9 billion Where the Money Goes 3 of Every 4 Dollars (State and Federal) Go to 3 State Departments. Other Depts. & Services*, 27% Human Services, 14% Community Health, 31% K-12 School Aid and Education, 28% *Includes Transportation (7.2%), Corrections (4.2%, Higher Education & Community Colleges (3.5%), Revenue Sharing (2.3%) and others. The Big Tax Shift Taxes on Businesses CUT 23% 83% Taxes on Individuals UP The Budget Process Governor Review/Signature & Budget Bills Enacted Mid-June – July Conference Committees Late May – Mid-June Introduction - Governor’s Budget Recommendation Late January – Mid-February Subcommittee Deliberations and Full Appropriations Committee Review February – April Second Full House or Senate Action First Full House or Senate Action April-May Mid-April Options: 1. 2. 3. 4. New revenue More cuts Executive order Balanced approach 8 A Decade of Disinvestment 60% Change in Detroit CPI FY 2003-FY 2013: 21% 53% Percent Change 45% 30% 21% 16% 15% -29% 0% -15% -30% -7% -0.8% -5% -25% 7% Be Part of the Budget Process! • Most major policy decisions are made at least partly through the budget process. • Families affected by poverty need stronger representation. What Action is Needed to: • Save our Youth • Save our Families • Save our Cities Invest in our Youth • Increase per pupil funding • Stop out of school suspensions • Provide Ceasefire funding Restore Funding for Families and Cities • Restore EITC (Earned Income Tax Credit) to 20% of Federal EITC • Restore Revenue Sharing to fund public safety and public transit Reduce Funding for Prisons and Highways • Reduce juvenile incarceration • Eliminate highway expansion • Cut tax credits to corporations Thank You! [email protected] Website: www.mlpp.org Sign up for “Email Alerts” Become a member