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